$A rises after RBA leaves rates on hold

The Australian dollar hit a near three-month higher of 94.5 US cents after the RBA left the cash rate on hold.

Australian dollar hits near three-month high of 94.5 US cents after RBA leaves cash rate on hold. (AAP)

The Australian dollar hit a near three-month high after the Reserve Bank of Australia left the cash rate unchanged at 2.5 per cent.

At 1435 AEST, the currency was worth 94.51 US cents, up from 94.17 US cents shortly before the RBA's decision was announced on Tuesday.

The spike pushed the dollar to its highest level since April 10.