Aussie pairs make lows after central bank slashes rates
The Reserve Bank of Australia now joins its European, UK, Japanese and American counterparts in attempting to stimulate economic activity through the medium of heightened liquidity.
The initial reaction to the interest rate cut announcement saw the Aussie dollar tick lower, however now the market has digested the information; Aussie pairs are trading off its lows, but rather in a mixed direction since the London open.
EURAUD 1.2882 +0.33%, AUDCHF 0.9562 -0.18%, AUDCAD 1.0238 -0.15%, AUDNZD 1.2017 +0.13%, AUDUSD 1.0174 -0.11%, GBPAUD 1.5269 +0.09% and AUDJPY 100.99 +0.07%.
Australia’s major equity index has moved lower by 0.24%, currently trading at 5,143.70.
Story provided by StockMarketWire.com