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The Dollar Again Under Pressure As Australia Raise Rates
10/06/09 by Daily Forex Snapshots
Filed under Forex & Futures
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The RBA rate meeting took centre stage this morning as the Australian central bank surprised markets by raising interest rates to 3.25% (from 3% prior); becoming the first G20 nation to officially tighten monetary policy since the onset of the financial crisis. AUDUSD surged to new 13 month highs (currently 0.8870) as the bank highlighted it was “now prudent to begin gradually lessening… | ||||||||||||||||||||
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