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The USD is the strongest and the AUD is the weakest of the major currencies

The USD is the strongest while the AUD is the weakest as the NA session begins. US yields are higher once again, which is pressuring stocks in early trading as well. In Australia overnight, the RBA kept rates as expected at 4.10%. The AUDUSD has been In the statement, the central bank said in their statement:Interest rates have risen by 4 percentage points since the previous May, aiming to balance supply and demand in the economy.Despite passing its peak, inflation in Australia remains high and... Read More

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Posted: Oct 3 2023, 12:09

Author Name: forexlive

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