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US dollar pauses bullish run; Aussie jumps after RBA rate decision
The dollar eased on Tuesday from its rally at the start of the week, but hovered near a one-month peak as traders raised their forecasts of U.S. Federal Reserve interest rate levels needed to tame inflation. The Australian dollar, meanwhile, surged in the aftermath of the Reserve Bank of Australia's (RBA) interest rate decision, rising as much as 1 per cent to an intra-day high of $0.6952. The RBA on Tuesday raised its cash rate by an expected 25 basis points, and signalled further rate hikes ahead. Wrapping up its February policy meeting, the RBA said core inflation had been higher than expected and higher rates ... (full story)
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- Feb 7, 2023 12:06am Feb 7, 2023 12:06am
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- Posted: Feb 7, 2023 12:00am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 1,854
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