RBA keeps rates steady at a record low of 1.0%, AUD/USD stays below 0.6800

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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