AUDUSD Hits 10-Week High as RBA Stance Contrasts with Fading Fed Hike Bets
The Australian dollar hit a ten-week high against a weakening USD, supported by a hawkish RBA and soft US economic data that reduced Fed hike expectations.
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The Australian dollar hit a ten-week high against a weakening USD, supported by a hawkish RBA and soft US economic data that reduced Fed hike expectations.
AUD/USD futures hit a six-week high, showing bullish technical momentum. Resilient Australian economy and hawkish RBA policy support upside, while a wobbly US stock market and mixed Fed signals weigh…