Australian dollar slips

The Australian dollar skidded half a cent on Tuesday after the Reserve Bank of Australia's (RBA) kept rates on hold and showed no sign of being in a hurry to tighten policy, giving the New Zealand dollar a boost. The Aussie slipped as deep as $1.0671, a full cent away from a three-week high struck last week, as the central bank surprised some by toning down its recent hawkish rhetoric.
In late trade it had steadied around $1.0692, off an early high of $1.0766. The Aussie dollar also lost steam against a firmer euro, which leapt to a one-month high of A$1.4608, up 0.6 percent on the day.