Asia shares push higher; Aussie firm ahead of RBA rate decision [Yahoo! Finance]
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Source: Yahoo! Finance
speak later in the day, while the Australian dollar held steady and domestic shares rose ahead of the country's interest rate decision. Ebbing worries over political turmoil in Europe also added to the buoyant market mood and sent EUROSTOXX 50 futures 0.6% higher, reversing some of its steep losses from last week. FTSE futures similarly rose 0.43%. The main market focus in Asian hours on Tuesday was on the Reserve Bank of Australia's (RBA) policy decision, where expectations are for the central bank to stand pat on rates. Focus, however, will be on any forward guidance for a potential easing cycle Down Under. The Aussie was last 0.07% higher at $0.6617, while Australian shares jumped 0.9%, in line with its regional peers. "The RBA is universally expected to keep rates on hold today," said Alvin Tan, head of Asia FX strategy at RBC Capital Markets. "Key domestic data (and) events since the May meeting have been mixed but err slightly firmer in our view - a firm April CPI pr
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