Investing.com - The Australian and New Zealand dollars moved higher against its U.S. counterpart on Tuesday, after the Reserve Bank of Australia left interest rates unchanged and as lower expectations for an upcoming U.S. rate hike continued to weigh on the greenback.
AUD/USD climbed 0.57% to 0.7624, the highest since August 6.
In a widely expected moved, the RBA held its benchmark interest rate at 1.50% at the conclusion of its policy meeting.
The central bank gave no indications on future interest rate decisions.
Earlier Tuesday, the Australian Bureau of Statistics said the current account deficit widened to A$15.5 billion in the second quarter from A$14.9 billion in the first quarter, whose figure was revised from a previously estimated deficit of A$20.8 billion.
Analysts had expected the current account deficit to hit A$19.8 billion in the last quarter.
NZD/USD rose 0.30% to trade at 0.7326.
Meanwhile, the greenback remained under pressure after downbeat U.S. employment data published last Friday crushed expectations for a rate hike by the Federal Reserve this month.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 95.79.