dollar falls as rates steady

Dollar falls as rates steady

04feb04
THE dollar fell to US76.42c after the Reserve Bank of Australia left official interest rates unchanged at 5.25 per cent.

Just before the announcement the dollar was at US76.67c.

Meanwhile, bonds yields on the Commonwealth Government May 2013 bond fell to 5.705 per cent from 5.735 just before the announcement while the yield on the November 2006 bond was at 5.365 per cent from 5.445.

On the Sydney Futures Exchange, the March 2004 10-year bond futures contract rose to 94.270 from 94.235 just before the RBA announcement and the three-year contract was at 94.43 from 94.39.