The Reserve Bank of Australia’s interest rate decision is due at 12:30 am ET Tuesday. Economists expect the bank to cut rates by 25 basis points to a new record low of 2.00 percent.
Ahead of the announcement, the Australian dollar rose against its major rivals.
As of 12:25 am ET, the Australian dollar traded at 1.4178 against the Euro, 0.7853 against the U.S dollar, 94.33 against the yen and 1.0402 against the NZ dollar.
The material has been provided by InstaForex Company – www.instaforex.com