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Australian Dollar Rises Ahead Of RBA Rate Decision
(RTTNews) - At 12:30 am ET in the Asian session on Tuesday, the Reserve Bank of Australia will announce its monetary policy decision on interest rates. The RBA is widely expected to keep its benchmark lending rate unchanged at 4.35 percent.
Ahead of the RBA rate decision, the Australian dollar rose against its major rivals.
As of 12:25 am ET, the Australian dollar was trading at 0.6493 against the U.S. dollar, 96.52 against the yen, 1.6550 against the euro and 0.8781 against the Canadian dollar.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Friday.
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U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the Asian session on Thursday.
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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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U.S. Dollar Falls Amid Fed Rate Cut Speculation
The U.S. dollar weakened against other major currencies in the late Asian session on Tuesday, as traders remain optimistic about the outlook for interest rates following last week's weaker-than-expected US jobs data. They also remain cautious ahead of key U.S. inflation readings due later in the week that could influence the US Fed's rate trajectory.
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