RBA Raises Rates to 15-Year High of 4.60%, BBH Says Hike to Support AUD/USD

Brown Brothers Harriman··AUUS·Read original
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The Reserve Bank of Australia delivered a widely expected 25 basis point hike to 4.60%, a 15-year high, and kept the door open to further tightening, according to Brown Brothers Harriman. AUD/USD initially rallied on the hawkish statement but reversed as Governor Michele Bullock signaled less urgency. BBH highlights that the RBA hike will support AUD/USD.

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