The Australian dollar fell against its major counterparts in the Asian session on Tuesday, as the Reserve Bank of Australia delivered a smaller rate hike than expected amid uncertainty over the global economic outlook.
The policy board of the RBA, headed by Governor Philip Lowe, raised the cash rate target by 25 basis points to 2.60 percent from 2.35 percent.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.