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RBA kept interest rates unchanged

Tuesday, Dec 01 2015
Australia's central bank kept interest rates steady for a seventh month on Tuesday as data showed exports 
provided a huge lift to the economy last quarter and helped fill a gaping hole left by business investment.
The Reserve Bank of Australia (RBA) did again note that low inflation meant there was room for a cut in the 2 percent cash rate should signs of recovery disappoint in coming months. 
 
"The Board again judged that the prospects for an improvement in economic conditions had firmed a little over recent months and that leaving the cash rate unchanged was appropriate," said RBA Governor Glenn Stevens in a statement.
 
Aussie is currently being traded around 0.7260 area. Pair is likely to find support around 0.72 handle and resistance above 0.7280 level. Later today, in the US session, Manufacturing PMI figures are scheduled for a release.
More in this category: « China's official Manufacturing PMI at the lowest level since August 2012 Euro higher after positive PMI figures »

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