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AUD to enjoy support from hawkish RBA

From forextime.com

It’s yet another week filled with G10 central bank policy decisions. As highlighted in our Week Ahead article (published on Fridays), we highlighted the upcoming decisions by the Bank of England (BOE) as well as the Swiss National Bank (SNB). This week also features policy decisions by the central banks of China, Chile, Brazil, Indonesia, and Norway. This article focuses on the Reserve Bank of Australia (RBA), and how its just-concluded meeting could impact the Australian dollar (AUD). What did the RBA say? The Reserve Bank of Australia issued a “hawkish” message to the markets, which raises the prospects of ... (full story)

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  • Category: Technical Analysis