Reserve Bank of Australia (RBA) news

The Reserve Bank of Australia (RBA) is Australia's central bank. Its primary responsibility is to maintain monetary and financial system stability. The RBA uses various monetary policy tools to influence economic conditions and contribute to sustainable economic growth and full employment in Australia.

Chart alert: AUD/NZD rally set to continue after hitting 13-year high
AUD/NZD may extend its rally after reaching a fresh 13-year high ahead of the RBNZ policy decision. While the RBNZ is expected to deliver a hawkish hold at 2.25%, widening Australia-New Zealand bond yield spreads and the RBA’s more aggressive tightening path continue to favour the Australian dollar. Technical analysis highlights strong bullish momentum above 1.2130 support, with a breakout above 1.2250 potentially opening the door toward 1.2310 and 1.2400.
by Kelvin Wong
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