Australian Monetary Policy Makers, led by the governor of the Reserve bank of Australia Mr. Glenn Stevens, kept the interest rate unchanged at 4.75% during the month of August to meet analysts' expectations, while the Bank sees the global expansion pace slowed during the second quarter ended June.

On the other hand, the Reserve Bank of Australia noted that the inflation rates will be closed to the Bank's target during the next 12 months, while global economy is expanding and the financial conditions in the global economy are an accommodative.

The Australian dollar declined sharply and continues its downside movement against the US dollar, recorded the lowest level at 1.0924, and it dropped against the yen to a record low of 84.56