Daily digest market movers: Aussie extends gains through RBA's hawkish guidance
- Aussie showed signs of gaining strength or at least maintaining its current levels, largely due to the hawkish guidance by the RBA.
- Despite the falling trend in iron ore prices, the RBA's persistent hawkish stance is providing significant support to the Australian Dollar.
- The markets are now looking forward to Tuesday’s discourse on the last RBA meeting's minutes, which could influence the pair's future trajectory.
- With a weakened USD due to a quiet Monday session, the AUD/USD pair has the potential for further upside facilitated by the monetary policy difference.
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.