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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.

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