The Australian dollar rose on Tuesday after the Reserve Bank of Australia took a more measured view on the currency's weakness, while the Canadian dollar languished at 11-year lows as a continuing selloff in oil prices thrust the loonie and other commodity currencies into the spotlight.
The U.S. dollar saw less action in Asia and steadied against the euro and yen, with weaker commodity currencies neutralising disappointing U.S. manufacturing activity data released overnight.
While the RBA left the cash rate unchanged at 2.0 percent as widely expected, it did not make an attempt to talk down the currency further as some in the market had braced for.
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The U.S. dollar saw less action in Asia and steadied against the euro and yen, with weaker commodity currencies neutralising disappointing U.S. manufacturing activity data released overnight.
While the RBA left the cash rate unchanged at 2.0 percent as widely expected, it did not make an attempt to talk down the currency further as some in the market had braced for.
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