The Australian dollar was weakened by the central bank’s decision to leave the interest rates unchanged and after yet another unfavorable news have come from Europe.
The concerns about the European economy renewed, having its impact on the global markets, after Germany’s president unexpectedly resigned. The ensuing uncertainty made the policy makers of the Reserve Bank of Australia less willing to make any significant moves, like the changes of the interest rates. China’s manufacturing expansion slowed, which also had its impact on the currency, as China is the biggest trading partner of Australia.
AUD/USD traded near 0.8341 as of 13:18 GMT today after opening at 0.8456. EUR/AUD traded at about 1.4612 after it opened at 1.4543.
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