The Reserve Bank of Australia (RBA) raised the official cash rate to 3.85%, ending a two-year hold. Driven by "sticky" inflation, the move is seen as the start of a new tightening cycle. The RBA revised its inflation forecast upward and doesn't expect it to return to the 2.5% target until mid-2028. This hawkish decision led the AUD/USD pair to surge past the 0.7000 level. what next for AUD/USD?
03-02-2026 18:30 GMT
by Zain Vawda