Australian dollar drifts lower following RBA decision
THE Australian dollar has drifted lower after the Reserve Bank of Australia noted slower growth in China.
THE Australian dollar has drifted lower after the Reserve Bank of Australia noted slower growth in China.
At 0630 AEDT on Wednesday, the Australian dollar was trading at 92.45 US cents, down from 92.66 cents on Tuesday.
The Australian dollar initially rose to 92.94 US cents on Tuesday after the RBA decided to leave the cash rate on hold at a record low of 2.5 per cent but later slipped on comments in the accompanying statement about the Chinese economy slowing down in 2014.
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