Australian Dollar Rises Ahead Of RBA Rate Decision
(RTTNews) - At 12:30 am ET in the Asian session on Tuesday, the Reserve Bank of Australia will announce its monetary policy decision on interest rates. The RBA is widely expected to keep its benchmark lending rate unchanged at 4.35 percent.
Ahead of the RBA rate decision, the Australian dollar rose against its major rivals.
As of 12:25 am ET, the Australian dollar was trading at 0.6493 against the U.S. dollar, 96.52 against the yen, 1.6550 against the euro and 0.8781 against the Canadian dollar.
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Euro Falls Against Majors
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Antipodean Currencies Rise As Asian Markets Trade Mostly Higher
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Tuesday.
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Canadian Dollar Slides Against Majors
The Canadian dollar weakened against other major currencies in the European session on Friday.
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The Japanese yen weakened against other major currencies in the Asian session on Friday, as weak GDP data dampened expectations for more rate hikes by the Bank of Japan.
Data from the Cabinet Office showed that the Japan's gross domestic product expanded by a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024. That was in line with expectations and down from 0.7 percent in the second quarter.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Friday.
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