AUD/USD bulls pierce 0.6300 as RBA Minutes, Bullock sound hawkish – by anilpanchal7 AUDUSD RiskAppetite RBA Fed Currencies
RBA Minutes cited domestic/global uncertainty to justify 0.25% rate hike, Deputy Governor Bullock defends central bank hawks.Risk catalysts will be more important for fresh directions amid a lack of major data/events.
policymakers and minutes favored the bulls during early Tuesday. Also keeping the pair buyers hopeful is the firmer sentiment.Meeting of the Reserve Bank of Australia , “Board weighed a range of arguments for hiking by 50 basis points, as it had for four months straight, but decided to lift the cash rate by 25 basis points to 2.6%.”
It should be noted that China’s zero-covid policy, delaying of the key data/events and determination to defend the might of taking control in Hong Kong and Taiwan also challenge the AUD/USD buyers, due to the pair’s risk barometer status and ties with Beijing.
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