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Aussie Halts Slide, RBA Statement Next

The Reserve Bank of Australia will release its quarterly monetary policy statement on Friday. Investors will be looking for insights about the RBAโ€™s rate policy, after the central bank increased rates on Tuesday by a quarter point to 4.35%, a 12-year high. It was the first rate hike by Governor Michelle Bullock and came after four consecutive pauses.
Michelle Bullock Policy Statement Reserve Bank Governor Michelle Bullock

AUD/USD tumbles into the Friday market open on the backfoot, aimed for 0.6350

The AUD/USD backslid on Thursday after a bullish rebound failed to materialize, with Aussie (AUD) bulls getting pushed away from the table by US Dollar (USD) flows that saw the Greenback rise after Federal Reserve (Fed) Chairman Jerome Powell delivered hawkish comments that caught the market off-guard.
Jerome Powell Policy Statement Fed Chairman Powell Federal Reserve Chairman Jerome Powell Reserve Bank

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