Aust dollar holds ground ahead of RBA

By Daniel Palmer

The Australian dollar has lost a little ground in quiet overnight trade as investors opt for a cautious approach ahead of the Reserve Bank of Australia's September board meeting. At 4. 30am (AEST), the currency was trading at US93. 37c, down from US93. 49c at the close of local trade on Monday.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Investors were also seen taking a wait-and-see approach ahead of the latest rates call from the RBA today as well as a slew of key indicators later in the week, including growth numbers on Wednesday and retail sales figures on Thursday.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

Read more here: Business Spectator


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