The RBA raised rates 25bp to 4.60% unanimously with hawkish statement language, yet AUD/USD reversed sharply after Governor Michele Bullock said further tightening was merely a “hope” rather than a base case, breaking the 0.7000 support zone within the hour.
The post RBA Hiked Unanimously—Then Bullock’s “Hope” Sent Aussie Through 0.7000 Support appeared first on ActionForex.
EUR/USD declined to 1.1368 on Tuesday and remains near two-month lows. The US currency is being supported by expectations of further Federal Reserve policy tightening amid inflationary risks linked to expensive energy and uncertainty surrounding Read more…
Switzerland’s KOF Economic Barometer rose from a revised 107.5 in August to 109.1 in September, beating the 105.8 consensus and extending a run of consecutive monthly increases. The index remains clearly above its medium-term average, Read more…
Markets Everything sold off yesterday on a single catalyst: energy. Brent oil hit an intraday high of almost $109 per barrel. Prices eased eventually into the close to around $105 on reports that Saudi Arabia Read more…