News Column

Australian Dollar Steady Ahead Of RBA Rate Decision

August 4, 2014

CANBERA (Alliance News) - The Reserve Bank of Australia's interest rate decision is due at 12:30 am ET Tuesday. The economists expect the bank to hold rates at 2.50%.

Ahead of the announcement, the Australian dollar held steady against its major rivals.

As of 12:25 am ET, the Australian dollar traded at 1.4392 against the Euro, 0.9324 against the U.S dollar, 95.63 against the yen and 1.0946 against the NZ dollar.

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Source: Alliance News

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