Newsig · Gold & Metals
Australia says more hikes not off the table after raising rates to 15-year high
The hike of 25 basis points was in line with expectations by economists polled by Reuters.
Why it matters
AUD/USD (Australian Dollar / US Dollar) · Why linked: The Reserve Bank of Australia raised rates and signaled further hikes possible, directly impacting the Australian dollar. Market context: A hawkish tone suggesting more rate hikes tends to support the currency through higher yield differentials.
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