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RBA Update: An unexpected hike triggered a squeeze on AUD/USD
RBA surprised the market with a 25 basis points hike to bring the policy cash rate to 3.85% Emphasis on inflation targeting over concerns about the heightened risk of slower growth AUD/USD breached above the 50-day moving average, resurgence of short-term upside momentum. The Reserve Bank of Australia (RBA) has surprised market participants’ view of […]...
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Posted: May 2 2023, 06:19
Author Name: marketpulse
Views: 081849