Reported about 18 hours ago
The Australian dollar experienced a decline following the Reserve Bank of Australia's (RBA) decision to cut interest rates to a two-year low of 3.85% amid concerns over global trade tensions. The rate cut, which investors had anticipated, reflects the RBA's cautious stance on economic risks and forecasts further easing. The dollar fell to $0.6428, while expectations grow that the RBA may implement additional cuts in the future.
Source: YAHOO