Australian Dollar Boosted by Surprise RBA Hike to 0.35%. Where to for AUD/USD?
The Australian Dollar spiked after the RBA surprisingly moved the cash rate target to 0.35%, an increase of 0.25%. Will AUD/USD rally from here?
Source: dailyfx.com
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The Australian Dollar spiked after the RBA surprisingly moved the cash rate target to 0.35%, an increase of 0.25%. Will AUD/USD rally from here?
The Australian Dollar rebounded sharply last week after Chinese authorities’ pledge to support the economy boosted market sentiment. A robust Australian jobs report also lifted the commodity currency.