You are here

Australia dollar dives to six-year lows after RBA rate cut

31198err45.jpg
The Australian dollar tumbled more than a cent to a six-year low on Tuesday, after the Reserve Bank of Australia cut interest rates to a record low of 2.25 per cent.

[SYDNEY] The Australian dollar tumbled more than a cent to a six-year low on Tuesday, after the Reserve Bank of Australia cut interest rates to a record low of 2.25 per cent.

The Aussie dropped as far as $0.7665, from $0.7790, to show a loss of 1.7 per cent for the day. It was last at $0.7674.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom