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Jun 07 - 02:55 AM

AUD/USD - Soars Higher After RBA Hikes 50 BPs To 0.85%

By John Noonan  —  Jun 07 - 12:40 AM
  • AUD/USD up over half a cent after RBA raised the cash rate 50 BPs to 0.85% nAZN06RYW4

  • The market was positioned for either a 25 BP or 40 BP hike

  • The RBA statement clearly pointed to more rate hikes in this cycle nS9N2WQ043

  • AUD/USD traded as high as 0.7248 with resistance at the 200-day MA at 0.7257

  • Price is settling around 0.7230/35 but remains bid

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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