Daily digest market movers: Aussie gains following Gov. Bullock's words
- Friday brought some adjustments in the AUD/USD pair, a reflection of the comments by RBA Governor Bullock.
- She expressed vigilance toward potential inflation risks, deeming it premature to consider any rate cuts.
- Simultaneously, Bullock acknowledged the uncertainty of the outlook, explaining that the bank doesn't foresee being in a position to cut rates in the near term. She noted that, relative to other countries, Australia's policy rate is at its peak of 4.35%.
- A weakened Greenback stems from mixed sentiment figures and weak housing market data from the United States.
- As monetary policies diverge, the pair may see further upside.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
No comment on record. Start new comment.