In the Asian session on Tuesday (June 6), the Australian dollar/dollar fell back from its highs and temporarily reported at 0.6615, a decrease of 0.01%. The Australian dollar was higher ahead of the Reserve Bank of Australia‘s interest rate decision on Tuesday.
The latest news from the Commonwealth of Australia:
The Reserve Bank of Australia will announce its interest rate decision. Economist Lee Sue Ann said the latest Australian wages and employment data reinforced the bank’s view that the RBA would keep the cash rate on hold at 3.85 percent in June. However, there are some risks to this view, with the RBA likely to raise the cash rate again this year given recent inflation remains well above target; the Australian economy remains moderately resilient.
