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The AUD/USD pair performs strongly above 0.6800 in Monday’s European session. The Aussie asset gains as the Australian Dollar (AUD) outperforms its major peers ahead of the Reserve Bank of Australia’s (RBA) monetary policy decision, which will be announced on Tuesday.
Traders expect the RBA to leave its Official Cash Rate (OCR) unchanged at 4.35%, with inflationary pressures remaining persistent and upbeat job growth. Therefore, investors will focus on fresh guidance on interest rates for the remainder of the year. Currently, financial market participants expect that the RBA will keep its OCR at its current levels by the year-end.
Traders expect the RBA to leave its Official Cash Rate (OCR) unchanged at 4.35%, with inflationary pressures remaining persistent and upbeat job growth. Therefore, investors will focus on fresh guidance on interest rates for the remainder of the year. Currently, financial market participants expect that the RBA will keep its OCR at its current levels by the year-end.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.