Australian Dollar Flat vs. US Dollar, Gains on Other Rivals After RBA

The Australian dollar was almost flat against its US counterpart but gained against other major peers after the Reserve Bank of Australia decided to keep its monetary policy without change.

The RBA left its main interest rate at 1.5%, saying in the statement:

 

Taking account of the available information, and having eased monetary policy at its May and August meetings, the Board judged that holding the stance of policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.

The decision was widely expected by market participants and analysts. Without dovish surprises, the Aussie extended its gains against other most-traded currencies, though not versus the greenback.

AUD/USD traded at about 0.7663 as of 11:05 GMT today after opening at 0.7671. AUD/CHF rallied from 0.7466 to 0.7505, and its daily high of 0.7518 was the highest since August 11.

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