Australian dollar jumps after RBA rate hike

TOKYO Oct 6 (Reuters) - The Australian dollar jumped against the dollar and the yen on Tuesday after the Reserve Bank of Australia raised interest rates by 25 basis points to 3.25 percent. [ID:nSYU007334]

The Australian dollar rose to $0.8841 AUD=D4, up 0.8 percent from late U.S. trading on Monday. It stood at around $0.8770 before the central bank's decision. The Australian dollar hit a 14-month high of $0.8860 last week.

The Australian dollar trimmed its losses against the yen and was up 0.3 percent at 78.77 yen AUDJPY=R, having climbed from around 78.00 yen.