The Australian dollar surged to its highest levels today, Tuesday, after the Reserve Bank of Australia raised interest rates. Meanwhile, the US dollar continued to decline from its highest level in two and a half months against major currencies, following unexpectedly weak data from the US services sector released yesterday, which bolstered expectations that the Federal Reserve (the US central bank) may not raise interest rates in its meeting next week, although this casts a shadow on monetary policy expectations in the coming months.
Bitcoin fell below $26,000 after US regulators sued Binance, the world's largest cryptocurrency exchange.
In the latest trading, the Australian dollar recorded a rise of 0.73% to $0.6665 after jumping to $0.6677, its highest level since May 16.
The dollar index fell 0.11% after several days of fluctuations, having reached a two-and-a-half-month high of 104.70 at the end of May, before retreating following hints from US central bank officials that they might not raise interest rates in June.
The dollar declined by 0.05% to 139.49 yen, while the euro rose by 0.11% to $1.0722, and the British pound climbed 0.12% to $1.2450.
