AUD/USD trades lower at 0.6970 after the People’s Bank of China maintained current interest rates, pressuring the Australian currency during Asian trading hours.
AUD/USD declined after PBOC kept rates unchanged, weighing on the Australian Dollar.
The AUD/USD pair retreated to 0.6970 during Tuesday's Asian session, snapping a two-day winning streak. The decline follows the People’s Bank of China's decision to keep interest rates unchanged, which dampened sentiment for the Australian Dollar.
The pair fell after the People’s Bank of China (PBOC) opted to keep interest rates unchanged, which negatively impacted the Australian Dollar.