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.
I must thank you for the efforts you have put in writing this
blog. I really hope to see the same high-grade content from you later on as well.
In truth, your creative writing abilities has encouraged
me to get my very own site now 😉
Hi fantastic blog! Does running a blog similar to
this require a great deal of work? I’ve virtually no understanding of coding but I was hoping to start my own blog in the near future.
Anyways, if you have any suggestions or tips for new blog
owners please share. I know this is off topic however I simply needed to ask.
Thanks a lot!
This article provides clear idea for the new people of blogging, that truly
how to do running a blog.
you are in reality a excellent webmaster. The web site
loading velocity is amazing. It seems that you are doing any distinctive trick.
Moreover, The contents are masterpiece. you have done a excellent process
on this subject!
Fantastic beat ! I wish to apprentice even as you amend your website, how can i subscribe for
a weblog website? The account aided me a appropriate deal.
I have been tiny bit familiar of this your broadcast offered bright clear concept
TH
Appreciating the time and effort you put into your blog and detailed
information you offer. It’s nice to come across a blog every once in a while that isn’t the same unwanted rehashed information. Fantastic read!
I’ve bookmarked your site and I’m including your RSS feeds to my Google account.
Hey there! This post could not be written any better!
Reading this post reminds me of my good old room mate!
He always kept chatting about this. I will forward this write-up to him.
Pretty sure he will have a good read. Thank you for sharing!
My brother suggested I might like this blog.
He was entirely right. This post truly made my day. You cann’t imagine just how much time I
had spent for this info! Thanks!
Its like you read my mind! You appear to know a lot
about this, like you wrote the book in it or something.
I think that you can do with a few pics to drive the message home a bit, but instead of that, this is great blog.
A fantastic read. I will definitely be back.