Australian Market is Trading Lower Consecutively for 2nd Session of the Week

• The Australian market opened lower today as everyone was looking forward to the Reserve Bank of Australia's (RBA) meeting on whether to keep or change the interest rates and RBA decided to keep the interest rates unchanged at 2.5 per cent.

• In morning session, the benchmark S&P/ASX 200 index was down 10.4 points, or 0.20 per cent, at 5,269.1, while the broader All Ordinaries index was down 9.9 points, or 0.19 per cent, at 5,263.6.

• The Australian dollar was fetching 90.94 US cents in morning trades and after RBA's statement, the local currency slipped to 90.68  US cents just after 2:30 PM. Presently, it is trading at 90.83 US cents.

• A quick look at how regional markets are performing:

• Japan: +0.4%

• Hong Kong - 0.8%

• China - 0.3%

• Taiwan -0.1%

• NZ: -0.8%

• Singapore: flat

• South Korea: -0.6%

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