The Australian dollar fell as much as a third of a US cent after the Reserve Bank of Australia left the cash rate unchanged at two per cent at its board meeting on Tuesday.
It was the sixth consecutive month the rate was left unchanged, but the RBA now seems more willing to consider a rate cut than in previous months, mainly because of low inflation.
At 1431 AEDT, the currency was worth 71.47 US cents, down from 71.71 US cents shortly before the RBA's decision was announced.
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