Australian Dollar: Dovish hike weighs on aussie – Commerzbank
Norman Liebke at Commerzbank notes that the Reserve Bank of Australia (RBA) raised rates to 4.85%, but the Australian Dollar fell as markets saw the move as dovish.
Related discussion groups
No group discusses this yet. Start a discussion group and attach this story.
More news about Australia
- Australia preps Bluebottle USV for submarine-hunting role"I want potential adversaries to understand that, when they see an Ocius Bluebottle USV, it’s a signal to get out of our ocean,” Minister for Defence Industry Pat Conroy said.
- Reddit pidió a la Alta Corte de Australia que anule la prohibición de redes sociales a menores de 16Tras la suspensión de más de 5 millones de cuentas, junto con una organización defensora cuestionan la norma considerando que restringe la comunicación política
- WATCH: Lucky fisherman catches fish worth $1MABC News' Danny New talks to a mechanic in Australia whose life just changed by a fishing contest.
- AUD/USD Price Forecast: Australian Dollar faces wrath of RBA’s dovish hikeThe Australian Dollar (AUD) underperforms its major currency peers on Tuesday, trading 0.45% lower to near 0.6965 against the US Dollar (USD) during the European trading session.
- XRG to Buy Shell Stake in Australian LNG ProjectShell agreed to sell its 16.67 percent stake in the North West Shelf Project, which produces liquefied natural gas and domestic gas in Western Australia, to ADNOC's XRG.
- ADNOC’s XRG to acquire Shell’s Australian LNG plant stake for $1.45B
- Australian Court Hears Challenge to Social Media BanReddit and an Australian digital advocacy group are claiming a law that restricts children younger than 16 from popular platforms infringes on their constitutional rights.
- Australian Dollar: RBA limits gains against US Dollar - Societe GeneraleSociete Generale’s Kenneth Broux and colleagues say AUD/USD is trading below 0.70 after a dovish RBA hike and softer industrial metals. The pair remains largely driven by industrial metals rather t...