TOKYO: The Australian dollar surged against its US dollar on Tuesday after the Reserve Bank of Australia opted to leave monetary policy unchanged.
The Aussie was last up 0.8 per cent at $0.7824 after going as low as $0.7751 earlier in the session amid expectations that RBA would cut interest rates.
Australia’s central bank kept its cash rate steady at a record low of 2.25 per cent on Tuesday, surprising some who had looked for another easing to follow February’s cut.
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