As expected, the Reserve Bank of Australia reduced key interest rates by 25 basis points to 2.00 percent
After the announcement, the Australian dollar fell against its major rivals.
As of 12:31 am ET, the Australian dollar traded at 1.4240 against the Euro, 0.7816 against the U.S dollar, 93.93 against the yen and 1.0387 against the NZ dollar.
The material has been provided by InstaForex Company – www.instaforex.com