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RBA Update: An Unexpected Hike Triggered a Squeeze on AUD/USD

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 […] The post RBA Update: An Unexpected Hike Triggered a Squeeze on AUD/USD appeared first on Action Forex... Read More
Posted: May 2 2023, 07:31
Author Name: actionforex
Views: 081856

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