Market is ‘disbelieving’ of any extended pause as RBA holds interest rates for July

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

CommSec’s Tom Piotrowski says the market is “disbelieving” of any extended pause as the Reserve Bank of Australia held interest rates on Tuesday for July.

“The market as far as currencies is disbelieving of the potential for any extended pause because the Aussie dollar sold off quite aggressively yesterday after the pause,” he told Sky News Australia.

“But has regained all of that ground and it’s trading just short of the highs that it made overnight, just above 67 US cents, having been below 66.5 US cents overnight.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in BUSİNESS

Business Business Latest News, Business Business Headlines