The RBA shocked the market when it unexpectedly raised the interest rate. The RBA’s rate increase supported the growth of AUDUSD. Will the pair continue to rally? We’ll discuss this topic, and create a trading strategy.
Weekly Australian Dollar Fundamental Analysis
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Markets were surprised by the unexpected RBA’s interest rate hike from 3.6% to 3.85%. Investors thought the monetary tightening was over when RBA officials kept the cash rate the same in April. Only 9 out of 30 Bloomberg experts were able to predict the RBA verdict, which led to an increase in the… Read full author’s opinion and review in blog of #LiteFinance