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The JPY is the strongest and the AUD is the weakest as the North American session begins

The JPY is the strongest and the AUD is the weakest as the NA session begins. The RBA announced meeting minutes and the traders marked the AUD lower. According to the minutes, the Reserve Bank of Australia (RBA) discussed the potential for a 25 basis points rate rise. The board was split but ultimately decided that an immediate hike was necessary to ensure inflation would return to the target over a "reasonable" timeframe. Factors such as the increased risk of inflation expectations rising, high... Read More

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Posted: Jun 20 2023, 12:13

Author Name: forexlive

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