Forex Today: Hawkish RBA Sees July Rate Hike Australia Bank
Enter your emailComments by RBA Governor Lowe indicate the RBA will hike its interest rate next month by either 0.25% or 0.50%, The Reserve Bank of Australia released the minutes of its most recent policy meeting, which was preceded by comments from RBA Governor Lowe.
Although the AUD traded a bit higher following these comments, the rise was small and not very significant.Federal Reserve member Bullard yesterday suggested that inflation may remain higher for longer than the Fed is broadly expecting. , giving some hope to crypto buyers that we might be seeing a bottom. However, it is much too early to have any confidence the falls will not resume soon.
currency pair is not far from 20-year highs so is worth keeping an eye on, as the Japanese Yen is a weak currency., with stock markets and some commodities, notably WTI Crude Oil, trading higher.
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