RBA Hikes, But Macro Reality Caps Aussie

The Reserve Bank of Australia hiked rates, but a strong US Dollar and fragile risk sentiment are capping gains for the Australian Dollar.

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Source: DepositPhotos

Markets are trading cautiously with the US Dollar supported and risk sentiment fragile as Middle East tensions and elevated oil prices reinforce inflation risks and a higher-for-longer central bank backdrop.
Video Length: 00:01:49

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