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AUD/USD forecast: bullish trend intact after hawkish RBA minutes
The AUD/USD pair jumped to the lowest level since September 7 as investors reacted to the latest minutes by the Reserve Bank of Australia (RBA). The pair rose to a high of 0.7445, which was about 3.85% above the lowest level this year. The RBA conducted its monthly meeting early this month. In it, the bank decided to leave interest rates and its other pandemic response tools intact. The bank then published the minutes of the meeting on Tuesday morning. The minutes sounded relatively hawkish. For example, they pointed that the rapid increase of vaccinations will see restrictions lifted sooner than expected. As a ... (full story)
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