Home / Forex Analysis / AUD/USD Price Slips to 0.6850 Despite RBA’s 50bps Rate Hike

AUD/USD Price Slips to 0.6850 Despite RBA’s 50bps Rate Hike

Although the RBA announced a rate hike of 0.50%, the AUD/USD accepts offers to update intraday lows. Combined with bearish Treasury yields, US-China trade deal hopes are cautiously optimistic. June manufacturing orders are driving the US dollar weakness this week. The week’s key events are the US NFP and the Federal Reserve’s meeting minutes. After … Continued
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