Australian Dollar Falls From Week High on RBA Inflation Outlook

from MoneyTrading.com.au

The Australian dollar fell from a one-week high as the central bank said inflation would likely be “consistent” with its target this year, suggesting it may slow the pace of interest-rate increases.


Australia’s currency traded at 89.90 U.S. cents as of 4:06 p.m. in Sydney, after reaching as high as 90.31 cents following the rate decision, from 90.09 cents in New York yesterday. The currency traded at 80.36 yen from 80.30 yen.