The Reserve Bank of Australia made it very clear last night that they do not plan to raise interest rates in the foreseeable future. Despite the rise in commodity prices, the RBA expressed little concern about inflation. As a result, the AUD/USD extended its losses as investors realized that unlike the ECB and [...]
Source: http://www.kathylien.com/site/australian-dollar/has-the-rba-announcement-marked-a-top-in-aud
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