Australian dollar deflated as RBA stays doggedly dovish


SYDNEY: The Australian dollar slipped on Tuesday after the head of the country's central bank dismissed market pricing of rate hikes in 2022 and 2023, even as he predicted a strong rebound for the economy into next year.

The Aussie eased 0.3% to $0.7344 as Reserve Bank of Australia (RBA) Governor Philip Lowe painted a very dovish policy outlook with no rate rises on the horizon until 2024.

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