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Aussie Loses Support as RBA Leaves Rates Unchanged

posted by Avatar eToro 298 days ago in AUD, Fundamental, Daily made popular 298 days ago

The RBA left the benchmark Cash Rate unchanged at 4.75 percent, as was widely expected. The Cash Rate has been held at that level since November of 2010. In response, the Australian Dollar declined sharply to the 1.0924 level versus the Greenback, with support just below that seen at 1.0921, then at 1.0909 and beyond that at 1.0794.
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