AUD/USD Little Lower After RBA Leaves Rates at 1.5 Percent

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AUD/USD is trading at 0.7442, down 0.0028. The pair is trading rangebound and a little above the session lows. Market chatter about overnight comments from the Reserve Bank of Australia (RBA) is making the rounds. Australia's central bank (RBA) left the cash rate unchanged at a record low of 1.5 percent during the meeting held on December 6th. The RBA said Australia's economy is continuing its transition after the mining investment boom. The RBA also said inflation is expected to remain low for some time before returning to more normal levels. The Australian Industry Group (AIG) Construction Index due out at 5:30 p.m. ET.
Posted In: FuturesForexMarketsAUD/USDAustralian dollar
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