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AUDUSD: RBA's Interest Rate Decision Causes AUD to Drop, but Interest Rate Hikes May Not Be Over
While the RBA's interest rate decision has caused the AUD to drop, it does not necessarily mean that interest rate hikes in Australia are over. The market is currently in a downward trend, and traders should carefully monitor economic data and market trends
0.67200
ENTRY PRICE
0.65500
TGT PRICE
0.67800
SL PRICE
94
Points
Profit
0.65500
TGT PRICE
0.67106
CLOSING
0.67200
ENTRY PRICE
0.67800
SL PRICE
The recent decision made by the Reserve Bank of Australia (RBA) about interest rates has caused the Australian dollar (AUD) to decrease in value. However, Antje Praefcke, an FX Analyst at Commerzbank, warns against assuming that this is the end of interest rate hikes in Australia.TRADE RECOMMENDATION
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Warren Takunda is an experienced financial analyst and CFO at Verge Capital in Dubai, with a proven track record in the finance industry. He leads the finance team and is responsible for financial planning, analysis, and reporting. Warren has extensive experience in financial modeling and investment analysis, which enables him to provide valuable insights to clients.
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