The Australian dollar has drifted lower following the Reserve Bank’s widely anticipated decision to leave interest rates unchanged for the tenth straight month.

At 700am (AEDT) on Wednesday, the local unit was trading at US70.50c, down from US70.70c on Tuesday.

At its first board meeting of 2016, the central bank on Tuesday left interest rates unchanged at a record low of two per cent.

Source: BusinessSpectator