Home Forex AUD/USD has dropped back after the as expected RBA +25bp rate hike

AUD/USD has dropped back after the as expected RBA +25bp rate hike

0
AUD/USD has dropped back after the as expected RBA +25bp rate hike

[ad_1]

The Reserve Bank of Australia November 2022 decision is here:

While +25 was the consensus expectation, that I was not brave enough to dispute (correctly so it turns out), I thought the arguments for a hike of circa 50bp were very strong. Of course, these arguments needed to be tempered against what is a very timid, and over-confident, RBA.

Anyway … back to the currency.

AUD/USD has lost ground after the announcement:

[ad_2]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here