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Aussie gets a lift after another surprise rate hike by the RBA

The RBA is continuing their streak of being rather unconventional and at this point, perhaps not very predictable as well. The "big four" banks in Australia all had the central bank pinned for not changing the cash rate today but policymakers saw otherwise, and raised it by another 25 bps to 4.10% here.The Australian dollar has benefited from that in a push to a high of 0.6670 as traders digest the decision. The 200-day moving average (blue line) is a key resistance level to note on the latest p... Read More

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Aussie

Gets

Lift

After

Another

Surprise

Rate

Hike

Forex

Posted: Jun 6 2023, 04:51

Author Name: forexlive

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