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The USD is the strongest and the AUD is the weakest as the NA session begins

The USD is the strongest and the AUD is the weakest as the NA session begins. The Reserve Bank of Australia kept rates unchanged for the 2nd consecutive meeting at 4.10%. There was a 65-35% spilt vs doing nothing and hiking, and the RBA sided with the odds as it continues to assess the impact of previous rate hikes and the broader economic landscape. The RBA said that despite it declining, Australian inflation remains too high, while household consumption growth is weak. They added that Labor m... Read More

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Posted: Aug 1 2023, 12:11

Author Name: forexlive

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