Markets in Turmoil as Aussie Dollar Plummets An Unpredicted Sell-Off The Australian market was taken by surprise this week as the Australian dollar plummeted to a nine-month low, causing a rush to reassess the currency‘s outlook. The sell-off, which saw the local currency drop 1.3% and touch US63.63ยข, has raised concerns that it could intensify, […]
AUD/USD Analysis: Are the RBA on track for another hike? Introduction The recent monetary policy meeting of the Reserve Bank of Australia (RBA) shows that the bank is keeping an upbeat outlook for the economy, and that its next move on interest rates is likely to be an increase. As a result, the Australian dollar, […]
