Pause in Rate Hikes Threatens AUD

December 29th, 2009 admin

In October, the Reserve Bank of Australia (RBA) became the first industrialized Central Bank to raise interest rates. It followed this up with two additional hikes in November and December, bringing its benchmark rate to the current level of 3.75%, by far the highest among major currencies. This series of rate hikes caught (forex) markets completely off guard, and investors moved quickly to…


Originally posted on ForexBlog

 
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