Aussie declines after interest rate decision

2022-03-01 17:58:24 GMT (

Australian dollar fell against most major rivals on Tuesday following an expected decision on interest rates.


Otherwise, the EU imposed new restrictions on Russian banks from using the Swift international payments system and other limitations on the Russian central bank, while closing European airspace against Russian airplanes.


Tensions increased further after Russian President Putin announced putting the nuclear arsenal at the ready in response to the sanctions.


Conversely, Russian President Putin prevented western residents in Russia from transferring money outside, and banned western aeroplanes from Russian air space.


The Reserve Bank of Australia decided to maintain rates at 0.10% unchanged just as expected.


AUD/USD shed 0.1% to 0.7253 as of 17:57 GMT.

More News

Risk Disclaimer : Economies would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Economies does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.