March 8, 2023 – Written by John Cameron
Australian Dollar (AUD) Softened on Dovish RBA Rate Hike Expectations
The Australian Dollar (AUD) struggled for demand on Wednesday as the Reserve Bank of Australia (RBA) conceded that it was now closer to pausing its aggressive cycle of interest rate increases.
In a speech in Sydney, RBA Governor Philip Lowe poured cold water on any hopes of further aggressive rate hikes from the central bank. Despite saying that further tightening could still tame inflation, Lowe did point out…
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