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AUD/USD Holds Gains as RBA Signals Possible Further Rate Hikes

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The Story

News Summary

  • The Australian dollar remains near multi-week highs above $0.705 following hawkish remarks from Reserve Bank of Australia officials.
  • The RBA signaled a restrictive policy stance and left the door open for further rate hikes to combat persistent inflation.
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AUDUSD price history

0.71 +7.58% over the displayed period

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