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Australian dollar slips as RBA hikes rates in a split decision
SYDNEY: The Australian dollar slipped on Tuesday after the country’s central bank lifted interest rates for a fifth time this year, but in a narrower call than many expected with three of the nine board members against a hike. The Aussie eased 0.2% to $0.6986, having slipped 0.5% overnight. The failure to hold above the 200-day moving average of $0.7058 turned technicals bearish and risked a retreat to $0.6895. Wrapping up its November policy meeting, the Reserve Bank of Australia board voted to raise its cash rate by 25 basis points to 4.85%, highs not seen since 2008. The move had been widel...
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