Investizo
Investizo Representative
- Messages
- 7
Fundamental analysis AUD/USD for 08.05.2024
The Australian Dollar (AUD) has experienced significant fluctuations, primarily influenced by the Reserve Bank of Australia's (RBA) recent decision to maintain its interest rate at 4.35%. Despite the anticipation of a hawkish shift following unexpectedly high inflation figures, the RBA has maintained a cautious approach, citing the need for vigilance against inflation risks. Governor Michele Bullock underscored the necessity of maintaining current rates to guide inflation back to the target range of 2-3% by the latter half of 2025.
Read more
The Australian Dollar (AUD) has experienced significant fluctuations, primarily influenced by the Reserve Bank of Australia's (RBA) recent decision to maintain its interest rate at 4.35%. Despite the anticipation of a hawkish shift following unexpectedly high inflation figures, the RBA has maintained a cautious approach, citing the need for vigilance against inflation risks. Governor Michele Bullock underscored the necessity of maintaining current rates to guide inflation back to the target range of 2-3% by the latter half of 2025.
Read more