Australian Dollar strengthens amid expectations of a more hawkish RBA stance.
The Australian Dollar (AUD) strengthens as investors bet on a more hawkish stance from the Reserve Bank of Australia (RBA) during its upcoming policy meeting. Most analysts expect the RBA to maintain the cash rate at 4.35% on Tuesday, but there are indications it might reintroduce a soft tightening bias, particularly after last week's higher-than-expected inflation data. The AUD/USD pair is up 0.25%, trading at 0.6624 in the European session.
May 06, 2024
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