Tuesday, March 4, 2014

AUSSIE: Aussie-dollar saw sharp moves after

AUSSIE: Aussie-dollar saw sharp moves after the RBA rate decision overnight. The
currency pair initially spiked to $0.8969 on reaction to the RBA's decision to
keep rates on hold, before an immediate reverse to $0.8910 on the accompanying
statement that said aussie-dollar remains high by historical standards. Aussie
sits mid-range and last deals $0.8939.