Australian Dollar Fell as Interest Rates Remain Unchanged

The Australian dollar dropped today as the policy makers of Australia’s central bank maintained the main interest rates unchanged on today’s meeting.

The Reserve Bank of Australia decided today to leave the cash rate unchanged at 4.75 percent. Some traders have hoped that the inflation would encourage the policy makers to raise the rates, but central bank’s Governor Glenn Stevens said in his speech that “inflation is consistent with the medium-term objective of monetary policy” and that “the current mildly restrictive stance of monetary policy remained appropriate in view of the general macroeconomic outlook”.

AUD/USD fell from 1.0184 to 1.0158 today as of 17:31 GMT.

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