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Australian Dollar Mixed Ahead Of RBA Rate Decision
(RTTNews) - The Reserve Bank of Australia will release its monetary policy decision at 12:30 pm ET in the Asian session on Tuesday. The RBA is widely expected to hold its benchmark lending rate steady at 3.60 percent in its May meeting.
Ahead of the RBA rate decision, the Australian dollar showed mixed trading against its major rivals. While the aussie rose against the U.S. dollar and the yen, it fell against the euro and the NZ dollar.
As of 12:25 pm ET, the Australian dollar was trading at 0.6630 against the U.S. dollar, 91.21 against the yen, 1.6563 against the euro and 1.0731 against the NZ dollar.
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The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday amid risk appetite, as traders react positively to news that the Trump administration announced a one-month delay on tariffs affecting cars entering the U.S. from Canada and Mexico, raising hopes for negotiations.
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NZ Dollar Advances Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
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