Australia's Central Bank Holds Rates Steady at 2.5%

Australia's central bank left interest rates on hold Tuesday, after two years of aggressive cuts aimed at cushioning the economy from a slowdown affecting the resource-rich nation's mining industry. The Reserve Bank of Australia kept the benchmark cash-rate target at a record low 2.5%. Recent data has shown a pickup in parts of the economy outside mining, including housing, retail and manufacturing.

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RBA Australian dollar exchange rate July 11, 2013

RBA Australian dollar exchange rate July 11, 2013

Units of foreign currency per A$
	08 Jul 2013	09 Jul 2013	10 Jul 2013
United States dollar	0.9051	0.9137	0.9189
Chinese renminbi	5.5566	5.6015	5.6371
Japanese yen	91.54	92.49	92.38
European euro	0.7060	0.7091	0.7183
South Korean won	1042.90	1043.22	1043.73
UK pound sterling	0.6082	0.6106	0.6172
Singapore dollar	1.1629	1.1668	1.1729
Indian rupee	55.27	54.94	55.27
Thai baht	28.47	28.65	28.72
New Zealand dollar	1.1715	1.1696	1.1694
New Taiwan dollar	27.28	27.48	27.59
Malaysian ringgit	2.9076	2.9161	2.9230
Indonesian rupiah	9010	9099	9157
Vietnamese dong	19193	19410	19520
United Arab Emirates dirham	3.3240	3.3556	3.3747
Papua New Guinea kina	1.9980	2.0170	2.0330
Hong Kong dollar	7.0191	7.0872	7.1277
Canadian dollar	0.9579	0.9641	0.9663
South African rand	9.2581	9.2603	9.1869
Swiss franc	0.8739	0.8811	0.8931
Swedish krona	6.1884	6.1911	6.2380
Trade-weighted Index (4pm)	70.4	70.8	71.2
Special Drawing Right	0.6039	0.6137	0.6173

AUSSIE: Short covering late in the session is........

AUSSIE: Short covering late in the session is producing a rally up to the

$0.9150 area with resistance seen at $0.9154 (23.6% daily) and stronger at

$0.9180 (38.2% daily) as well as $0.9178 being the high off the rally from

$0.9134. Current rate $0.9153