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AUD to USD Forecast: RBA Minutes Hint at Rate Hikes Amidst Inflationary Concerns

From fxempire.com

The AUD/USD rose by 0.15% on Monday. Following a 0.06% gain on Friday, the Australian dollar ended the session at $0.65381. The Australian dollar fell to a low of $0.65234 before rising to a Monday high of $0.65519. RBA Meeting Minutes Delivered Early Direction On Tuesday, the RBA Meeting Minutes drew investor interest. The RBA left a rate hike on the table at the February 6 monetary policy decision. During the RBA press conference, RBA Governor Michele Bullock could not state whether rates would move higher or lower. The RBA Meeting Minutes sent similar warnings, with inflation an ongoing concern. Salient points ... (full story)

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  • Category: Fundamental Analysis