SINGAPORE/LONDON—The Australian dollar slipped on Tuesday after the Reserve Bank of Australia left cash rates unchanged, while the yen fell to a three-week low as the Bank of Japan’s steps last week to tweak its yield curve control (YCC) policy continued to weigh on the currency.
The Australian dollar was set for its sharpest daily drop in one month after Australia’s central bank on Tuesday held interest rates at 4.1 percent for a second month, saying past increases were working to cool demand, but warned some more tightening might be needed to curb inflation.
