Bloomberg News

Australian Dollar Holds Decline After RBA Leaves Rates on Hold

October 03, 2011

Oct. 4 (Bloomberg) -- The Australian dollar held declines against its U.S. counterpart after the Reserve Bank of Australia left its benchmark interest rate unchanged at 4.75 percent.

The currency traded at 94.87 U.S. cents at 2.34 p.m. in Sydney from 95.27 cents yesterday in New York and 95.09 cents before the decision. It fetched 72.74 yen from 73.01 yen yesterday.

To contact the reporter on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net

To contact the editor responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net


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