The Australian dollar strengthened and the sharemarket dipped in the minute before yesterday's announcement of a hold in the official interest rates by the Reserve Bank of Australia.
Australia's corporate watchdog is investigating sharp movements by the Australian dollar and share market in the seconds before Tuesday's interest rate announcement.
The Australian Securities and Investments Commission is investigating after the Australian dollar strengthened and the share market began to drop at 1429 AEDT on Tuesday, seconds before the
RBA's 1430 AEDT announcement.
"ASIC cannot comment specifically, however, as you may expect we would review any unusual trading as part of our routine monitoring and surveillance activities," an ASIC spokeswoman said.
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• NZD falls after RBA holds interest rate
The RBA said it had verified that the rate decision was published exactly on time and according to appropriate procedures.
