Powered By

Breaking News

RBA rate decision lifts Aussie higher

Publish Date05/03/2013 04:31:24 AM

Last Update05/03/2013 06:15:16 AM

The Australian dollar rolled on gaining against counterpart the U.S. dollar following the Reserve Bank of Australia’s decision to keep the nation’s interest rate unchanged at 3%.

RBA Governor Glenn Stevens noted that he boosted the nation’s long-term investments, particularily in the mining sector in order to provide the nation`s outsources with more support.

The Aussie took the advantage Tuesday to continue the series of gains, and record the highest at 1.0239 against the U.S. counterpart.

The Japanese yen also gained against the greenback and other majors for the second day. The USD/JPY pair recorded a low of 93.11, while the EUR/JPY pair fell to 121.35.

Investors brace for the next Bank of Japan meeting this week which would be incumbent Governor Masaki Shirakawa`s last.


Member Account Required
You must be registered as a member of the forums and logged into your account to post messages. If you do not have a member account, please Sign In or Register.
United States
Asia Pacific
Economic Calendar
Holiday Calendar
ECB Calendar
Feds Calendar
BoE Calendar
Boj Calendar
Top News
FX Updates
Market News
Global Highlights
Political News
Around the World
At A Glance & Video Commentaries
Market Pulse
Press Releases
About Us
Contact Us
Privacy Policy
Terms of Services

Risk Disclaimer : All information on this page is subject to change. The use of this website constitutes acceptance of our Privacy Policy and Terms of Service. Please read our Privacy Policy, Risk Disclaimer, Terms of Services and all legal disclaimers. Please note that Forex trading (OTC Trading) involves substantial risk of loss, and may not be suitable for everyone.

Opinions expressed at ICN.com are those of the individual authors and do not necessarily represent the opinion of ICN.com or its management, shareholders, affiliates and subsidiaries. ICN.com has not verified the accuracy of any claim or statement made by any independent writer and is reserved as their own and ICN.com is not accountable for their input. Any opinions, news, research, analysis, prices or other information contained on this website, by ICN.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. ICN.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market prices, meaning prices are indicative and not appropriate for trading purposes. ICN.com does not bear any responsibility for any trading losses you might incur as a result of using this data.