RBA Keeps Rate Unchanged, Aussie Dollar Takes a Hit

The Australian dollar declined in value against other major currencies on Tuesday after the Reserve Bank of Australia (RBA) left its benchmark interest rate unchanged. The RBA's policy board, led by Michele Bullock, made a unanimous decision to hold the cash rate target at 4.35 percent.

This move was widely expected, but it still had an impact on the currency market. As a result, the Australian dollar weakened against other major currencies in the Asian session.