March 7, 2023 – Written by John Cameron
STORY LINK Pound Australian Dollar Exchange Rate News: GBP/AUD Surged as RBA Claims Inflation has Peaked
Australian Dollar (AUD) Slipped on Reduced Future Rate Hike Bets
The Australian Dollar (AUD) tumbled overnight as the Reserve Bank of Australia (RBA) delivered a dovish rate hike. Despite meeting expectations of a 25bps rate hike, and a record 10th consecutive time, the accompanying statement sapped demand.
With the cash rate now sitting at the highest rate since mid-2012, the RBA Governor Philip Lowe poured cold water on AUD investors’ moods as he implied that a pause is not far off. Shifting…
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