Australian dollar drops as RBA won't increase the rates

By @ibtimes on

The Australian dollar has witnessed some drops against the major counterparts after the Reserve Bank of Australia released its minutes according the meeting that held on June 7, showed that the Bank won't increase the rates in the next month as the inflation eased.

Moreover, Australian policy makers noted that the June decision it is a prudent decision amid the European debt crisis that has a negative result on the global economy.

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