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Aussie gets a boost from RBA surprise rate hike

The RBA looks to finally have one-upped the market but perhaps this is mostly a response to the fact that the Fed will also be raising interest rates one more time later this week. I mean, if the mantra is to follow the Fed, this will likely be the last rate hike delivered in this tightening cycle unless inflation continues to blow up.The aussie has benefited from the decision and the RBA message remains mostly the same as when they left policy unchanged last month. Could that indicate a real pa... Read More

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Content Topics

Aussie

Gets

Boost

From

Surprise

Rate

Hike

Forex

Posted: May 2 2023, 04:50

Author Name: forexlive

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