CANBERRA: The Australian dollar is steady ahead of next week’s interest rate decision by the Reserve Bank.
At 1700 AEDT on Friday, the currency was trading at 71.02 US cents, down from 71.03 cents on Thursday.
Easy Forex currency analyst Andreas Tjahja said the Australian dollar got a small lift from the release of firm local production figures on Friday morning.
“It was a quiet session but the Aussie received a slight lift as we come up to the end of the month,” Mr Tjahja said.
There was no movement in the local currency after the Bank of Japan decided not to initiate fresh stimulus on Friday.
“Everyone will be looking ahead to the RBA next week,” Mr Tjahja said.
The Reserve Bank of Australia will deliver its November interest rate decision on Tuesday, with the majority of economists expecting no change.
