Aust dollar rises in early trade

Local currency extends modest trek towards US90c after RBA cut.

The Australian dollar has held onto its gains after rallying on the back of yesterday's central back interest rate cut.

At 0630 AEST, the local unit was trading at 89.86 US cents, up from 89.81 cents on Tuesday.

On Tuesday afternoon, the Reserve Bank of Australia cut the cash rate by a quarter of a percentage point to a new record low of 2.5 per cent.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles