18th March 2014
The Australian dollar has inched lower against its US counterpart today (March 18th), following the release of the minutes from the latest meeting of policymakers from the Reserve Bank of Australia (RBA).
According to the minutes, the bank said it has observed several indicators its record-low interest rates are supporting growth in the country. In addition, policymakers reiterated a period of steady borrowing costs is likely.
With investors expressing caution ahead of the US consumer price inflation figures due later today and the Federal Reserve's policy announcement tomorrow, the Aussie drifted lower in forex trading markets.
Having earlier dropped to a session low of $0.9064, the Australian currency consolidated around $0.9072, down by 0.17 per cent for the session.
Elsewhere, the yen eased as sentiment towards riskier assets was boosted on the back of the limited reaction to the Crimea referendum, in which voters overwhelmingly chose to break off from Ukraine and join Russia.
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