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Australian Dollar Falls Further After RBA Rate Decision
(RTTNews) - At 11:30 pm ET in the early Asian session on Tuesday, the Reserve Bank of Australia announced its monetary policy decision. As expected, the RBA kept its benchmark lending rate unchanged at 4.10 percent.
After the RBA monetary policy announcement, the Australian dollar dollar fell further against its major rivals.
As of 11:31 pm ET, the Australian dollar was trading at 0.6344 against the U.S. dollar, 94.98 against the yen, 1.6516 against the euro and 0.8680 against the Canadian dollar.
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The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Thursday amid increased risk appetite by the investors, after U.S. President Donald Trump said the U.S. was closing in on the trade deal with China. Traders also remain optimistic about the U.S. Fed cutting interest rates as early as September based on the recent economic data from the U.S.
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NZ Dollar Advances Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
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The Australian dollar strengthened against other major currencies in the Asian session on Thursday.
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Commodity Currencies Rise Amid Risk-Appetite
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major peers in the Asian session on Wednesday, as Asian markets traded higher after Trump hailed his "good relationship" with his Chinese counterpart Xi Jinping, adding that a deal with China was taking shape.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.
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The Japanese yen strengthened against other major currencies in the Asian session on Tuesday, as the Bank of Japan's (BoJ) meeting minutes suggest the possibility of interest rate increases, contingent upon the anticipated performance of the economy and price.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Tuesday.
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Yen Advances Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Monday, amid fading hopes for an immediate the Bank of Japan (BoJ) rate hike.
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