The Australian dollar moves away from a two-month high after the central bank meeting
The Australian dollar fell in the Asian market on Tuesday against a basket of global currencies, extending its losses for the second consecutive day versus its U.S. counterpart. It remained away from its highest levels in nearly two months, as correction and profit-taking operations continued. Following the release of the Reserve Bank of Australia meeting results, which were largely in line with market expectations.
The Reserve Bank of Australia kept interest rates unchanged for the second meeting in a row, confirming its commitment to bringing inflation back to its target level over the medium term. It also indicated that it does not rule out the option of raising interest rates again if new inflation risks emerge.#GoldClimbsAbove$4400ToTwoMonthHigh #KoreaApprovesTighterCryptoExchangeRules #SheinToStartHKIPOBookbuildingAsSoonAsNextWeek #IntelPlansLargerStockOfferingAbout$20B #TrumpDemandsCompensationFromIran $TRUMP
$XAU
The Australian dollar fell in the Asian market on Tuesday against a basket of global currencies, extending its losses for the second consecutive day versus its U.S. counterpart. It remained away from its highest levels in nearly two months, as correction and profit-taking operations continued. Following the release of the Reserve Bank of Australia meeting results, which were largely in line with market expectations.
The Reserve Bank of Australia kept interest rates unchanged for the second meeting in a row, confirming its commitment to bringing inflation back to its target level over the medium term. It also indicated that it does not rule out the option of raising interest rates again if new inflation risks emerge.#GoldClimbsAbove$4400ToTwoMonthHigh #KoreaApprovesTighterCryptoExchangeRules #SheinToStartHKIPOBookbuildingAsSoonAsNextWeek #IntelPlansLargerStockOfferingAbout$20B #TrumpDemandsCompensationFromIran $TRUMP
$XAU