Aussie Interest rate went up to 7.25% from 7.0%. Yet after the news realease, AUD /USD went down.
It doesn't make sense to me (probably because I am still relatively new to the fundamentals)
Can anyone explain how/why did happen? An Interest rate increase should lead to more buy of that currency as it is now paying higher interest.
It doesn't make sense to me (probably because I am still relatively new to the fundamentals)
Can anyone explain how/why did happen? An Interest rate increase should lead to more buy of that currency as it is now paying higher interest.