The U.S. dollar gained some power against major currencies with the start of Tuesday's session as despite the strong data from the U.S. and China that are supporting the positive outlook, jittery investors are still not surrendering haven demand and the dollar on a more stable outlook.
Today, the U.S. dollar gained against the Japanese yen to compensate yesterday's losses, where the pair traded at 82.08 with a high of 82.11 and lowest 81.61.
The RBA held rates steady this morning as expected for the third consecutive month at 4.25% as the central bank weighs slowing growth risks and signaled the possibility of further easing if the rising spare capacity continued to weigh on inflationary pressures that will expand the scope for more easing.
Aussie slumped on the comments from the bank where the AUD/USD pair is now trading around 1.0397 after lowest of 1.0389 and high 1.0466 down from the opening of 1.0425.
The NZ/USD is trading with volatility today, as it recorded highest at 0.8261 and lowest at 0.8266 while the pair now at 0.8242 the pair is stable with the lack of data, where the strong Chinese services data offset the weak signals from the RBA and aussie's weakness to only pressure the pair slightly lower.