CHART: The Aussie dollar dropped on the RBA decision

The Aussie dollar just fell back through US76 cents.

With the Reserve Bank of Australia (RBA) holding interest rates at 1.5% as expected, currency markets interpreted the RBA’s accompanying statement as more dovish in tone.

That immediately drove the AUD down 0.33% against the greenback and it fell below US76 cents. Here’s the chart, via

Australian government bonds rallied, with the yield on the 10-year bond falling to 2.601%, its lowest point for this year.

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