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Australian Dollar Retreats After RBA Monetary Policy Decision
(RTTNews) - At 10:30 pm in the early Asian session on Tuesday, the Reserve Bank of Australia announced its decision on interest rates at the monetary policy meeting. As expected, the RBA raised its benchmark lending rate by 25 basis points, to 4.35 percent from 4.10 percent.
After the RBA rate decision, the Australian dollar retreated against its major rivals.
As of 10:35 pm ET, the Australian dollar was trading at 0.6462 against the U.S. dollar, 97.03 against the yen, 1.6571 against the euro and 1.0856 against the NZ dollar.
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Antipodean Currencies Slide Amid Risk-off Mood
The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Tuesday amid rising risk-off mood, as traders remain cautious amid uncertainty after U.S. President Donald Trump decided to postpone the implementation of 50% tariffs on the European Union goods to July 9 from June 1. The UK and US stock markets were shut for a holiday.
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NZ Dollar Slides Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Tuesday.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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Commodity Currencies Rise As Trump Delays EU Tariffs
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Monday, after U.S. President Donald Trump extended a deadline for EU trade deal until 9 July, following a call with European Commission president.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Monday.
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Euro Slips On Trump's Tariff Proposal
The euro fell against its major counterparts on Friday, as President Donald Trump proposed tariffs on imports from the European Union starting on June 1.
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U.S. Dollar Firms On Deficit Concerns
The U.S. dollar was higher against its most major counterparts in the New York session on Thursday, as treasury yields soared amid concerns about the fiscal impact of President Donald Trump's tax bill.
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Antipodean Currencies Fall, Yen Gains Amid Risk-off Sentiment
The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Thursday on increased risk-off sentiment, following the broadly negative cues from Wall Street overnight, amid rising treasury yields on concerns about the fiscal impact of a new U.S. tax bill on the country's deficit. The lack of clear progress on new trade deals is also weighing on the markets.
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