Tuesday’s mild recovery in the US Dollar (USD) prompted AUD/USD to interrupt its recent strong bounce after faltering once again just ahead of the 0.6650 resistance zone.
AUD/USD came under pressure ahead of the 0.6650 level. The RBA left its OCR unchanged at 4.35%, as anticipated. The RBA 's M. Bullock delivered a balanced message. Tuesday’s mild recovery in the US Dollar prompted AUD/USD to interrupt its recent strong bounce after faltering once again just ahead of the 0.6650 resistance zone.
Nonetheless, the bank anticipates inflation to revert to the 2%–3% target range in the second half of 2025 and reach the midpoint by 2026. Additionally, during her press conference, Governor Michele Bullock maintained a fair tone. Regarding rates, she stated that we might have to raise, we might not and that the board considered the possibility of boosting rates at this meeting.
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