Aust dollar slips on RBA decision

The Australian dollar lost some ground following the Reserve Bank of Australia's (RBA's) decision to leave the official cash rate at 2.5%. 

At 1432 AEDT, the Australian dollar had slipped to 94.74 US cents, from 95.00 US cents at 1428 AEDT. 

RBA governor Glenn Stevens cited the currency's persistent strength as one reason behind the bank's decision to hold the cash rate at a record low in November, for the third consecutive month.