Aussie dips after RBA; yen pressured by rising U.S. yields [Reuters]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Reuters
The yen slid back toward a 24-year low to the greenback on a rise in U.S. Treasury yields, while the euro edged higher, adding some distance from five-year lows. The Aussie ticked 0.09% lower to $0.6820, after trading as high as $0.6895 earlier in the day. Advertisement · Scroll to continue Both traders and analysts had predicted a second straight 50 basis-point hike on Tuesday. read more Governor Philip Lowe had said ahead of the meeting that the choice would be between a quarter- and half-point increase, although the U.S. Federal Reserve's 75 basis-point increase last month had fuelled speculation the RBA might need to be more aggressive. "We got a small wobble in the Aussie as the statement appears to confirm that if the RBA board did debate an option other than the 50 basis points we got, it was the 25 basis points that Governor Lowe flagged a couple of weeks ago, and not 75 basis points," said Westpac strategist Sean Callow. Advertisement · Scroll to continue "No las
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