RBA keeps rates steady at a record low of 1.0%, AUD/USD stays below 0.6800
|The Reserve Bank of Australia (RBA), at its August monetary policy meeting held this Tuesday, left its official cash rate (OCR) at a record low of 1.00% after slashing rates for two straight months.
The decision was on expected lines and hence, did little to move the Australian Dollar, with the AUD/USD pair maintaining its range just below the 0.68 handle.
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