Markets

Australian dollar dips after RBA talks down currency

Published November 5, 2013 Updated November 5, 2013 05:20am

1 min

By Shoaib Ur Rehman

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SYDNEY: The Australian dollar dipped a quarter of a US cent on Tuesday after the Reserve Bank of Australia said the currency remained uncomfortably high.

The Aussie dollar fell to $0.9478, down 0.3 percent on the day. It has gained 6 cents since late August.

The RBA kept rates on hold, as widely expected, at its monthly policy meeting.

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