On Tuesday, the US dollar held revenues in Asia, as market participants looked ahead to the latest policy review from Australia’s major bank.
The currency pair USD/JPY reached 111.79, ascending 0.05%, while AUD/USD hit 0.7650, declining 0.12%. As for EUR/USD, it dipped 0.18%, being worth 1.0729.
The Reserve Bank of Australia is supposed to keep rates on hold at a record minimum of 1.50%.
The US dollar index, assessing the greenback’s value against a trade-weighted basket of six key currencies, flitted around the 100 level, rising 0.10% in Asia, reaching 99.94.
Earlier, Graeme Wheeler, Reserve Bank of New Zealand Governor announced that he wouldn’t seek a second term at the helm of the major bank when his current five-year term ends on September 26. The RBNZ will start the process to choose a successor later in the year, while Grant Spencer, deputy governor as well as head of financial stability, will serve a six-month term as acting governor while the search is carried out.
