March 21, 2023 – Written by John Cameron
STORY LINK Pound Australian Dollar Exchange Rate News: GBP/AUD Strengthened on Less-Hawkish RBA Minutes
Australian Dollar (AUD) Weakened amid a Cautious RBA
The Australian Dollar (AUD) came under increased selling pressure on Tuesday after the minutes from the Reserve Bank of Australia’s (RBA) last policy meeting were released. The minutes revealed that the RBA adopted a more cautious approach to monetary policy and considered a pause.
With the RBA taking a more dovish turn than expected, the Australian Dollar nosedived in the immediate aftermath of the release. The minutes revealed there was only the option…
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