The Australian dollar has declined sharply and is back below the symbolic 0.7000 level. AUD/USD is trading at 0.6931, down 1.35% on the day. RBA raises rates by 50bp The Reserve Bank of Australia raised interest rates by 50bp today. This is becoming somewhat of a routine, as today’s move was the third consecutive hike […]
The post Australian Dollar Sinks after RBA Hike appeared first on Action Forex.
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