Aus dollar up as RBA ponders rate rise

The Australian dollar rose sharply higher on speculation that the Reserve Bank of Australia would raise interest rates Wednesday for the first time in 15 months. However traders dismissed the talk, saying the odds against the RBA raising rates were about as long as the Wallabies winning the rugby World Cup.

Source: Daily Telegraph

Share traders yesterday brushed aside speculation that the Reserve Bank may raise interest rates today but foreign exchange traders were not so sure, lifting the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.