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Australian Dollar Spikes Up As RBA Keeps Cash Rate On Hold

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
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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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