The Reserve Bank of Australia delivered a hawkish surprise momentarily undervalued by the markets. The RBA raised the rate to 0.85%, immediately 50 points after a 0.25% hike last month and expectations for a repeat this time. A big hike to curb inflation was backed by fast price growth by strong demand for Australian export. […]
The post The Market Did Not Price in RBA’s Hawkish Surprise, But it Should appeared first on Action Forex.
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