The Australian dollar rose further against the other major currencies in the late Asian session on Tuesday, after the Reserve Bank of Australia kept its key interest rate at a record low.
The policy board governed by Glenn Stevens decided to leave the cash rate at 2.00 percent as widely expected by economists. The bank lowered the rates by 25 basis points each in February and May.
The Australian dollar rose to 5-day highs of 95.58 against the yen and 0.9592 against the Canadian dollar, from early lows of 94.87 and 0.9517, respectively.
Moving away from an early low of 1.4372 against the euro, the aussie advanced to 1.4257.
Against the U.S. and the New Zealand dollars, the aussie edged up to 0.7661 and 1.0789 from early lows of 0.7602 and 1.0705, respectively.
If the aussie extends its uptrend, it is likely to find resistance around 97.50 against the yen, 0.98 against the loonie, 1.38 against the euro, 0.79 against the greenback and 1.10 against the kiwi.
You got to push it-this essential info that is!
That’s really thinking at an impressive level
I am forever indebted to you for this information.
I read your posting and was jealous
Grade A stuff. I’m unquestionably in your debt.
Thank you so much for this article, it saved me time!
Cheers pal. I do appreciate the writing.
Walking in the presence of giants here. Cool thinking all around!
Just do me a favor and keep writing such trenchant analyses, OK?
Stands back from the keyboard in amazement! Thanks!