US dollar and Australian dollar
The AUDUSD pair fell strongly during today’s trading, Tuesday, and recorded its lowest level in 10 months, near 0.6360 points, after the Australian dollar witnessed a strong sale after the Australian Reserve’s decision to keep interest rates unchanged.
The Monetary Policy Committee of the Reserve Bank of Australia decided on Tuesday morning, September 5, to keep the main interest rate unchanged at the level of 4.10%, in line with market expectations for the Reserve Bank of Australia’s decision, and despite that, policy makers at the Reserve Bank of Australia kept the doors open for more Tightening policy They warned that inflation is still very high and will remain so for some time, but this did not provide enough support for the Australian dollar pair.
At the present time, the Aussie-dollar pair is trading on a strong decline, at a rate of about 1.30%, as it currently settles near the level of 0.6377 points, which is the lowest level for the pair since last October or almost 11 months ago, due to the negative decision of the Australian Reserve on interest.
Read also:
TDS estimates the next RBA interest rate moves
2023-09-05 15:09:35
#Australian #dollar #fell #lowest #level #months #reason
