Australia shares pare gains as central bank keeps rates steady

April 7, 2015 6:21 AM

65 0

SYDNEY, April 7(Reuters) - Australian shares pared early gains on Tuesday after investors were disappointed by the Reserve Bank of Australia (RBA) keeping its cash rate unchanged at 2.25 percent.

Sentiment was still positive, with the the S&P/ASX 200 index closing up 0.46 percent as the RBA said it remained open to an easing, given falling export prices and a stubbornly high local dollar.

Also read: Markets Right Now: S&P 500, Dow industrials eke out gains

Read more

To category page