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Australian Dollar Falls After RBA Rate Decision
(RTTNews) - At 12:30 am ET in the Asian session on Tuesday, the Reserve Bank of Australia announced its July monetary policy decision. In the meeting, the RBA kept its cash rate unchanged at 4.1 percent.
After the announcement, the Australian dollar fell against its major rivals.
As of 12:31 am ET, the Australian dollar was trading 0.6652 against the U.S. dollar, 96.17 against the yen, 1.6398 against the euro and 1.0816 against the NZ dollar.
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Antipodean Currencies Fall 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, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation.
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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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The antipodean currencies such as the Australia and New Zealand dollars strengthened against their major currencies in the Asian session on Monday, as Asian stock markets traded higher, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted.
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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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The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.
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U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Friday.
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Yen Falls Amid BoJ Uncertainty
The Japanese yen weakened against other major currencies in the Asian session on Friday, as traders speculate uncertainty over the likely timing of the Bank of Japan's (BoJ) next rate hike.
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