The Australian dollar spiked higher against its major counterparts in the Asian session on Tuesday, as the Reserve Bank of Australia left its cash rate unchanged and said that the board wanted to see more evidence that inflation is picking up sustainably within its target range before raising interest rates.
The policy board of the RBA headed by Governor Philip Lowe decided to maintain its cash rate target at 0.10 percent.
For comments and feedback contact: editorial@rttnews.com
Forex News
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.