The dollar edged lower on Wednesday as traders assessed the odds of a rate hike by the Federal Reserve next week.
The decision and the RBA's hawkish policy statement had sent the Aussie rising 0.8% in the previous session, with governor Philip Lowe warning of more tightening on the cards because inflation was still too high.
"The cash rate is now 4.1%, which we think is in a deeply restrictive territory, so that obviously means that the risk of a hard landing in the Australian economy has increased," said Carol Kong, a currency strategist at Commonwealth Bank of Australia.on Wednesday, Lowe reiterated that some further tightening may still be required to bring inflation to heel, though that would depend on how the economy and inflation evolve.
In the broader currency market, the U.S. dollar dipped in early Asia trade, as traders pared back their expectations of a rate hike at next week's FOMC meeting.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Dollar adrift as traders assess Fed options; Aussie buoyantThe dollar edged lower on Wednesday as traders assessed the odds of a rate hike by the Federal Reserve next week, while the Aussie scaled a fresh three-week high in the wake of a rate increase and a decidedly hawkish stance by its central bank .
Consulte Mais informação »
Forex Today: RBA Makes Surprise Rate Hike to 4.1%Today's Forex news: Aussie Jumps After Shock Rate Rise; Global Stock Markets Bullish, Especially Asia; US Dollar Selling Off
Consulte Mais informação »
Dollar on back foot after weak services data; Aussie awaits RBAGlobal markets have been focused on what the Fed might do at next week's meeting and thereafter, with central bank data causing some volatility in the dollar.
Consulte Mais informação »
Aussie bond yields and dollar rise after central bank delivers another surprise rate hikeThe RBA lifted the official cash rate by 25 basis points to 4.10%, its highest level since early 2012. It marked the second-straight surprise hike in a row.
Consulte Mais informação »
Forex Today: Aussie rallies on unexpected RBA hike, US Dollar edges lowerForex Today: Aussie rallies on unexpected RBA hike, US Dollar edges lower – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies
Consulte Mais informação »
Gold eases as firmer dollar offsets support from bets on Fed pauseGold prices edged lower in rangebound trading on Monday as the dollar firmed after a strong U.S. payrolls report.
Consulte Mais informação »