Australian dollar struggling ahead of RBA meeting
THE Australian dollar is struggling to hold above 77 US cents amid growing expectations of a rate cut on Tuesday.
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THE Australian dollar is struggling to hold above 77 US cents amid growing expectations of a rate cut on Tuesday.
At 0630 AEDT on Monday, the local currency was trading at 77.39 US cents, down from 77.91 cents on Friday.
Expectations are growing that the Reserve Bank of Australia will cut the cash rate to a new record low of 2.25 per cent when the board meets on Tuesday. AAP bm/cdh
Originally published as Australian dollar struggling ahead of RBA meeting
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