The Australian dollar climbed during the current trading session as the Reserve Bank of Australia refrained from cutting interest rates further during today’s policy meeting.
The RBA kept its main interest rate at 1.5% as analysts had widely expected. The central bank’s statement was basically the same as the previous one and maintained a neutral stance.
In other news, Australia’s current account deficit widened a bit in the June quarter compared to the previous three months but not as much as economists had anticipated.
AUD/USD climbed from 0.7579 to 0.7639 as of 9:19 GMT today. AUD/JPY rallied from 78.39 to 78.99, trading near the highest level since July 29.
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