2023-11-07T10:46:25+00:00
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/ The US dollar rose today, Tuesday, with the decline in demand witnessed last week for currencies that involve more risks than others, while the Australian dollar fell after the Reserve Bank of Australia raised interest rates, but modified its future outlook, which strengthened expectations that the cycle of raising interest rates would increase. Interest rates have come to an end.
The Reserve Bank of Australia raised interest rates by 25 basis points to combat inflation, but markets interpreted the change in tone of the central bank statement to mean that further tightening was no longer likely.
The Australian dollar fell 1.06% to 0.642 US dollars, and reached 0.6434 in the latest trading. Dollar The currency is heading to record the largest percentage decline for one day in a month.
The dollar index, which measures the US currency against a basket of currencies, rose 0.1% to 105.38 after rising 0.2% yesterday, Monday, but it remained not far from the lowest level in nearly two months at 104.84, which it touched yesterday, Monday.