RBA’s Hawkish Surprise Temporarily Boosted Aussie But Failed to Turn It Around

<p><img width="596" height="289" src="https://www.actionforex.com/wp-content/uploads/2018/03/f-aud16.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" /></p>
<p>The Reserve Bank of Australia kept its cash rate unchanged at 4.35% for the third consecutive meeting. The markets widely expected the decision, but the tone of the accompanying commentary was more hawkish than the market had anticipated, adding to Aussie buying. The RBA warned that it still hasn’t ruled out a rate hike. This […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/fundamental-analysis/538576-rbas-hawkish-surprise-temporarily-boosted-aussie-but-failed-to-turn-it-around/">RBA’s Hawkish Surprise Temporarily Boosted Aussie But Failed to Turn It Around</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>