The Australian dollar firmed against its key counterparts in the Asian session on Tuesday, as the Reserve Bank of Australia held its cash rate steady in its final meeting this year, saying that recent rate cuts are supporting employment and income growth and achievement of the inflation goal.
The board of the Reserve Bank of Australia, governed by Philip Lowe, decided to leave the cash rate unchanged at a record 0.75 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.