Gaurav Kashyap expects the greenback to move higher next month
Gaurav Kashyap expects the greenback to move higher next month
The AUDUSD fell nearly 70 pips from its daily high of 0.8042, following the RBA's rate decision. The rate statement contained some positives as well as some negatives. The RBA noted that the continued rise of the Australian dollar may create an obstacle to growth and may delay inflation to reach the target, and added that the current labor market conditions are positive.
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