Aussie Weakens After RBA Rate Hike

The Reserve Bank of Australia raised cash rate by 50 basis points to 1.85 percent, as expected. Following the announcement, the aussie fell against its major rivals.

The aussie was worth 1.4678 against the euro, 1.1056 against the kiwi, 91.53 against the yen and 0.6996 against the greenback around 12:35 am ET.

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