Australian Dollar inches up, unfazed by RBA's hawkish stance
The Australian dollar strengthened marginally against its major counterparts, with AUD/USD trading near 0.7068, even as the Reserve Bank of Australia's hawkish rhetoric failed to impress markets.
AUDUSD
The Australian dollar edged higher against its major peers. AUD/USD traded around 0.7068 during the European session.
The Reserve Bank of Australia’s recent hawkish commentary appeared to have limited impact on the currency, with markets largely ignoring the push for tighter policy. The Aussie’s resilience came despite a broadly steady US dollar.
Source: FXStreet Forex News