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    AUD/USD: the rate skidded following a decrease in the interest rate on 03.02.2015

    Today, the Australian currency is skidding: the quotes dropped almost by 200 points and reached a level of 0.7630. The fall is caused by the Bank of Australia's decision to lower the interest rate from 2,50%  down to 2,25%. The main target was fighting the country's low inflation as the Australian consumer price index has been dropping for over a year. It equalled 0.2% in fourth quarter 2014, which is very close to deflation. 

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