AUD/USD Slips to 0.6970 as RBA Governor Keeps Rate Hikes on Table
The Australian dollar fell to around 0.6970 against the US dollar on Tuesday, even after RBA Governor Michele Bullock signaled further rate increases are possible.
AUDUSD
AUD/USD fell about 0.3% on Tuesday to trade near 0.6970, marking a continuation of the Australian dollar’s recent weakness. The move came after Reserve Bank of Australia Governor Michele Bullock reiterated that the central bank could raise interest rates further if needed. Despite the hawkish remarks, the currency pair failed to find support, underscoring that other market factors weighed on the Aussie.
Source: FXStreet Forex News