Arab News Headlines

Dollar Rebounds, Aussie Slips after Central Bank Holds Rates Steady

The Australian dollar slipped on Tuesday after the central bank held interest rates steady, while the greenback regained some of the ground lost when data showed a slump in US manufacturing activity.

The Aussie fell as much as 0.4 percent following the decision and was last 0.3 percent lower at $0.6766. Sterling was last 0.05 percent lower at $1.2410.

The kiwi rose 0.2 percent to $0.6310, its highest since mid-February, and last stood at $0.6301.

The euro fell 0.11 percent to $1.0891. Against the Japanese yen, the dollar rose 0.29 percent to 132.84.

Against a basket of currencies, the US dollar index rose 0.17 percent to 102.20, reversing some of Monday’s more than 0.5 percent fall. (QNA)

Source: Qatar News Agency