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AUD/USD: Aussie Dollar Rallies on Unexpected RBA Rate Hike

AUD/USD: Aussie Dollar Rallies on Unexpected RBA Rate Hike
Australian dollar rose over 1% on Tuesday, lifted by unexpected 25 basis points rate hike by the Reserve Bank of Australia and hawkish stance which signals that more hikes could be expected, in efforts to curb persistently high inflation. Aussie dollar jumped to the highest since Apr 21, retracing 61.8% of 0.6805/0.6573 bear-leg and sidelining […] The post AUD/USD: Aussie Dollar Rallies on Unexpected RBA Rate Hike appeared first on Action Forex... Read More
Posted: May 2 2023, 10:46
Author Name: actionforex
Views: 110581

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