Australian Dollar Initial Support Near 0.7070
The Australian Dollar regained ground after three days of losses, with AUD/USD clearing the 0.7100 level on Thursday. Initial support…
RBA Governor Michele Bullock and Deputy Governor Andrew Hauser signaled a hawkish stance, noting inflation risks are skewed to the upside and policy may not be tight enough. UBS now expects two additional rate increases, taking the cash rate to a 4.85% terminal level, above market pricing for only one September hike. This outlook suggests stronger Australian dollar and higher short-end yields.
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The Australian Dollar regained ground after three days of losses, with AUD/USD clearing the 0.7100 level on Thursday. Initial support…
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