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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.

Australian dollar swings after RBA shocker
The Australian dollar showed some bounce on Tuesday, courtesy of the RBA rate decision. AUD/USD produced a flash spike of 60 points after the move and touched a daily high of 0.7248, but was unable to consolidate.  In the European session, the Aussie is trading at 0.7180, unchanged on the day. RBA surprises with 50bp hike The RBA had a huge surprise up its sleeve, as it delivered a 50bp rate hike, bringing the cash rate to 0.85%.
07-06-2022 07:53 GMT by Kenneth Fisher
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Aussie in calm waters ahead of RBA
The Australian dollar went on a wild ride late last week. AUD/USD jumped 1.27% on Thursday, only to cough up most of these gains on Friday.  The Aussie is showing little movement today, as the markets eye the Reserve Bank of Australia rate decision on Tuesday. RBA poised for back-to-back rate hikes The RBA is widely expected to raise interest rates back-to-back, for the first time since 2013.
06-06-2022 12:20 GMT by Kenneth Fisher
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