The Australian dollar rose after the central bank meeting

The Australian dollar rose after the meeting of the Australian central bank, which left interest rates unchanged. The institution did not take changes in monetary policy, leaving the base rate unchanged at a record low of 1.75%. The Australian dollar was among the best performing currencies after hitting 0.7458 - the highest level since May 6. The Australian currency rose one percent against the euro and the yen.
The British pound managed to recover after reaching earlier 3-week low against the dollar. The reason for the good performance were two polls that give priority to the supporters to remain in the UK in the EU. This is in contrast with the results of Monday when the majority of respondents supported the country's exit from the EU. The British pound rose one percent against the dollar, reaching 1.4574. Investors and politicians warned that the eventual exit of Britain from the EU could hit the global economy and financial markets.
The dollar teetered about its direction around the 4-week low as investors speculated about when will be the next increase in interest rates.
The dollar index, showing the performance of the greenback dropped to 93.874, holding near 4-week low at 93.745.