Hawkish Hold by the RBA; Will the Fed Deliver a Hawkish Cut Tomorrow?.Overview: The US dollar is sporting a slightly softer profile against the G10 currencies today. The exception is the yen, which is trading at a seven-day low against the greenback.
RBA Kept Rates Unchanged at 3.60% As Expected, AUD Higher.As expected, the Reserve Bank of Australia (RBA) maintained interest rates at 3.60% in their December decision. Here's how AUD pairs reacted.
RBA Holds Cash Rate at 3.6%, Focused on Upside.The RBA kept the cash rate on hold as expected. The Board was slightly more hawkish but Governor Bullock was firmly focused on the upside risks to inflation.