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Aussie dips after RBA; yen pressured by rising U.S. yields…

Australia’s dollar erased early gains on Tuesday after the country’s Reserve Bank delivered an as-expected half-point rate hike but not the hawkish forward guidance that some had hoped for.
The yen slid back toward a 24-year low to the greenback on a rise in U.S. Treasury yields, while the euro edged higher, adding some distance from five-year lows.

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In March the London Metal Exchange (LME) suspended its nickel contract after the price spiked to more than $100,000 per tonne. Three-month nickel is now trading around $22,500, pretty much back where it was before the descent into chaos.