The RBA followed the path of the Federal Reserve, pushing back on rate cut expectations. The RBA said it needed more convincing that inflation was falling. The Aussie strengthened due to a rally in Chinese equities. Tuesday’s AUD/USD price analysis showed a bullish recovery as investors absorbed hawkish signals from the RBA. Despite the central…
The post AUD/USD Price Analysis: Aussie Gains Ground on Hawkish RBA appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- USD/CAD Weekly Forecast: Slowing US Economy Dents Dollar - April 27, 2024
- USD/JPY Price Analysis: BoJ’s Inaction Weakens Yen - April 26, 2024
- GBP/USD Outlook: Dollar Slides on Disappointing GDP Figures - April 26, 2024