Monday, April 6, 2009
Australian Dollar Rallies as Central Bank Signals End to Interest Rate Cuts
The Australian Dollar surged 0.8% against its US counterpart late into the overnight session despite a surprise 0.25% reduction in benchmark borrowing costs as the Reserve Bank of Australia hinted an end to further interest rate cuts for the time being. The Euro and the British Pound extended losses against the greenback as Asian stock markets followed Wall St lower.
Labels:
Austrailian Dollar,
Bank,
Forex,
Interest rate,
Market
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment