The Australian dollar and the Japanese yen are surging
Investing.com
The Australian dollar is surging after the Reserve Bank of Australia cut rates to a record low.
The currency is up by 0.9% at .7603 per dollar as of 12:11 p.m. ET.
The RBA lowered its benchmark interest rate to a record-low of 1.50% earlier on Tuesday, as most economists were expecting.
The central bank's board noted "that prospects for sustainable growth in the economy, with inflation returning to target over time, would be improved by easing monetary... Читать дальше...