Aussie dollar slips after RBA raises rates

Mon Nov 2, 2009 10:44pm EST
 
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SYDNEY, Nov 3 (Reuters) - The Australian dollar AUD=D4 slipped on Tuesday as investors took profits after the Reserve Bank of Australia raised rates by 25 basis points to 3.50 percent, as expected.

December interbank futures <0#YIB:> jumped 0.055 points to 96.315 as investors priced in less chance of the RBA raising rates by another 25 basis points in December. One-year overnight index swaps AUDOIS slumped to 4.4425 percent, from 4.54 before. (Reporting by Koh Gui Qing)

 

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