The Australian dollar rose further against the other major currencies in the Asian session on Tuesday, after the Reserve Bank of Australia decided to keep its key rate unchanged as widely expected by economists and policymakers.
The policy board of the Reserve Bank of Australia led by Governor Glenn Stevens maintained its key rate at 2.25 percent. The board judged that it was appropriate to hold interest rates steady for the time being.
It further said that easing may be appropriate over the period ahead in order to foster sustainable growth in demand and inflation consistent with the target.
The Australian dollar rose to an 8-day high of 0.7698 against the U.S. dollar and a 1-week high of 92.03 against yen, from an early 4-day low of 0.7576 and a 5-day low of 90.53, respectively.
Moving away from an early more than a 3-month low of 0.9453 against the Canadian dollar, the aussie advanced to a 4-day high of 0.9590. The pair was quoted at 0.9466 at yesterday’s close.
Against the euro and the NZ dollar, the aussie climbed to 5-day highs of 1.4202 and 1.0198 from early lows of 1.4433 and 1.0053, respectively. If the aussie extends its uptrend, it is likely to find resistance around 0.79 against the greenback, 94.10 against the yen, 0.97 against the loonie, 1.38 against the euro and 1.04 against the kiwi.
Quality posts is the crucial to attract the users to pay a quick visit the web site, that’s what this site is providing.
Hey there! I’m at work surfing around your blog from
my new iphone 3gs! Just wanted to say I love reading
through your blog and look forward to all your posts!
Keep up the outstanding work!
Hello colleagues, fastidious piece of writing and pleasant urging commented here, I am truly enjoying by these.
Forex is extremely rewarding and significant monetary industry if you don’t possess the appropriate abilities nonetheless it may be complicated.
It is essential for almost any one involved in the market to comprehend this fundamental concept of risk management.
Hello there, You have done a great job. I’ll certainly digg it and personally recommend to my friends. I am confident they will be benefited from this website.
View costs for the busiest flights departing from airports inside the US. helps you guide flights for the most cost effective value, guaranteed.
I don’t even know how I ended up here, but I thought
this post was good. I don’t know who you are but certainly you’re going to
a famous blogger if you aren’t already 😉 Cheers!
My brother recommended I might like this web site. He was entirely right. This post truly made my day. You can not imagine just how much time I had spent for this information! Thanks!
Open a trading bill that is live together with the dealer whose the best benefits were presented by trading alerts.