Markets

Australian dollar pares gains after RBA keeps rates steady

Published March 4, 2014 Updated March 4, 2014 05:06am

1 min

By Shoaib Ur Rehman

Add BRecorder as a trusted
source on Google

SYDNEY: The Australian dollar erased initial gains on Tuesday after the Reserve Bank of Australia (RBA) kept rates steady at a record low, as widely expected.

The Aussie eased to $0.8915, not far from a one-month low of $0.8891 touched on Monday. It briefly rose to a session high of $0.8970.

The RBA reiterated a stable rate outlook in its monthly policy statement.

Read Comments