Day: May 2, 2017

Australia Dollar Higher After RBA, Under Pressure from China’ Data

The Australian dollar rallied on Tuesday after the monetary policy meeting of the Reserve Bank of Australia. As of now, the currency has come off the day’s highs, possibly being under pressure from poor economic data from China. The RBA kept its main interest rate at 1.5% and issued a neutral statement, in line with market expectations. The bank said that “forecasts for the Australian economy are little changed.” As usually, RBA Governor Philip […]