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AUD: Outpaces G10 currencies amid heightened RBA rate hike expectations
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FXStreet Forex & Commodities News
The Australian Dollar has gained over 6% since the start of the year, making it the best performer among G10 currencies.
Market expectations for the Reserve Bank of Australia to raise interest rates have increased, with a probability of over 60% for a hike next Tuesday.
One reason why the market is now pricing in significantly more interest rate hikes is not least the positive data."
"Overall, this should only have a slight negative impact on the AUD."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)