Australian Dollar Gains on RBA Surprise, Trims Gains Later

May 07,2019 20:55   Source:Earnforex
The Australian dollar jumped today after the nation’s central bank surprised markets, keeping interest rates unchanged. The currency has trimmed its gains by now, though, losing them against the Japanese yen completely. The Reserve Bank of Australia left its main interest rate unchanged at 1.5% during today’s monetary policy meeting. That surprised market participants who were counting on a cut to 1.25%. Yet the statement sounded rather […]

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