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ANZ expects 25bps rate hike from RBA on Tues and scope for AUD/NZD rally next week

Australia and New Zealand Banking Group (ANZ) has indicated that it expects the Reserve Bank of Australia (RBA) to raise interest rates by 25 basis points in its upcoming policy meeting on Tuesday. ANZ also sees scope for the Australian dollar (AUD) to rally, especially against the New Zealand dollar (NZD) following the RBA’s decision.Key Points:Expectation of Rate Hike: Despite the recent weaker-than-expected Consumer Price Index (CPI) data in Australia, ANZ is expecting a 25 basis points hike... Read More

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Posted: Jun 30 2023, 17:57

Author Name: forexlive

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