Aussie is cheered up by central bank. Forecast as of 02.05.2023
The RBA surprised the market by raising the interest rate unexpectedly. The rate hike supported the AUDUSD growth. Will the pair continue rallying up? Let's talk about this topic and draw up a trading plan.
Weekly Australian dollar fundamental analysis
Markets were surprised by the unexpected RBA’s interest rate hike from 3.6% to 3.85%. Investors were sure the monetary tightening cycle was over in April when the RBA officials decided to keep the cash rate at the same level. 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 https://bit.ly/40YPr2J
