Tag Archives: australian dollar

At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on 3-year Australian Government bonds

Australia’s dollar strengthened after a report showed China’s economy grew 7.5 percent in the second quarter, matching economists’ estimates. The Australian currency dropped last week after Chinese Finance Minister Lou Jiwei said this year’s expected growth rate is 7 percent and China can reach that.