Australian dollar slides

australian-dollarThe Australian dollar has fallen Thursday, buying 69.80 US cents, from 70.20 US cents on Wednesday.

Yesterday morning, the local currency was at 70.13 US cents from 70.35 US cents on Tuesday.

On Tuesday, the Aussie rallied after the central bank defied pressure for an immediate cut in interest rates, though it left the door wide open for an easing should the jobs market not stay strong.

The Aussie dollar popped up almost half a cent to 70.42 US cents on the decision, giving it again for the day of 0.7 per cent.

The Reserve Bank of Australia ended its monthly policy meeting by keeping rates unchanged at 1.5 per cent, where they have been since mid-2016


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