The dollar is soaring against the Australian dollar after positive US data. The RBA raised rates by 25bps to 3.1%, the highest in ten years. The RBA expects Q4 inflation to be 8% higher than a year earlier. Today’s AUD/USD price analysis is bearish as dollar strength continues after yesterday’s upbeat US data. The markets, … Continued
The post AUD/USD Price Analysis: AUD Bulls Welcome RBA’s 25bps Hike appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- EUR/USD Price Retraces Below 1.07 as Dollar Regains - April 24, 2024
- AUD/USD Forecast: Rallies as Rate Cut Bets Ease After Hot CPI - April 24, 2024
- GBP/USD Price Analysis: Pound Surges on Positive PMI - April 24, 2024