australian dollar reverse gain as rba holds ra

Australia?s dollar fell, reversing earlier gains, after the central bank held interest rates unchanged and said current policy settings are appropriate. 　　The so-called Aussie dropped against 13 of its 16 major counterparts after central bank Governor Glenn Stevens held the overnight cash rate target at 4.75 percent in Sydney, as forecast by 23 of 28 economists surveyed by Bloomberg News. New Zealand?s dollar advanced after European Central Bank President Jean-Claude Trichet indicated his willingness to sanction bond rollovers in Greece, boosting demand for higher-yielding assets. 　　?The statement itself sounded a little bit more downbeat than expected,? said Mitul Kotecha, head of global foreign- exchange strategy in Hong Kong at Credit Agricole SA. ?Gains for the Aussie dollar will be more difficult in the months ahead.? 　　Australia?s dollar fell to $1.0695 at 2:48 p.m. in Sydney from $1.0713 in New York yesterday and as high as $1.0758 earlier today. The Aussie was at 85.87 yen from 85.81. 　　New Zealand?s dollar climbed to 81.82 U.S. cents from 81.45. It touched a record 82.64 U.S. cents on May 31. The so-called kiwi advanced to 65.69 yen from 65.24. 　　Key rates are 4.75 percent in Australia and 2.5 percent in New Zealand, compared with as low as zero in the U.S. and Japan.
To contact the reporter on this story: Yoshiaki Nohara in Tokyo at [email protected]
To contact the editor responsible for this story: Rocky Swift at [email protected].

Good news for market.Maybe today last day lowest.