Australia's dollar consolidated following a three-day rally, as economists remain divided in their predictions about the Reserve Bank's policy decision later today.
AUD/USD held steady at 0.6615 after gaining 1.8% in the past three days. One-third of economists expect the central bank to raise the cash rate to 4.10%, while the majority anticipate it will stand pat at 3.85%, according to a Bloomberg survey of economists.
Futures price in a probability of about 25% that the RBA will raise the policy rate by 25bps on Tuesday.
Most Group-of-10 currencies traded in a tight range. USD/JPY held steady at 139.49. NZD/USD advanced 0.1% to 0.6075. Bloomberg Dollar Spot Index was little changed. So was Treasury 10-year note yield at 3.69%.
Source : Bloomberg
