MARKET
HEADLINES
Dollar
weak, but keeps two-year high against China
yuan
The
dollar slipped Tuesday following a mixed slate of US manufacturing
data, but it was sitting at a two-year high against China's yuan
after
Beijing cut interest rates at the weekend for the second time
in three
months.
In Tokyo, the dollar fetched 119.71 yen, down from
120.17 yen in New
York, while the euro rose to $1.1197 from
$1.1182.
The greenback was also at 6.2748 yuan, against 6.2850 in US
trade, levels
not seen since October 2012, and well up from 6.2668
on Friday before
the rate cut.
Australian
dollar jumps vs US dollar as RBA holds
rates steady
The
Australian dollar surged against its US counterpart on Tuesday after
the Reserve Bank of Australia opted to leave monetary policy
unchanged.
The Aussie was last up 0.8 per cent at $0.7824 after
going as low as
$0.7751 earlier in the session amid expectations
that RBA would cut
interest rates.
Australia's central bank kept
its cash rate steady at a record low of 2.25
percent on Tuesday,
surprising some who had looked for another easing
to follow
February's cut.
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