AUD Edges Up After RBA’s Hawkish Hold, Still Below 0.7050
The Australian Dollar found mild bids after the RBA kept rates unchanged with a hawkish tone, but remained slightly lower around 0.7050 against the US Dollar in European trade.
AUDUSD
The Reserve Bank of Australia held its cash rate steady, as widely expected, while signaling it remains vigilant on inflation. The language tempered expectations of an imminent rate hike, limiting the Aussie’s upside.
Against the US Dollar, AUD briefly rose before drifting back to near 0.7050. The move reflected a market that had already priced in a hawkish hold, with attention now shifting to global risk sentiment and upcoming US data.
Source: FXStreet Forex News