AUD/USD has dropped back after the as expected RBA +25bp rate hike<p>The Reserve Bank of Australia November 2022 decision is here:</p><ul><li><a href="https://www.forexlive.com/centralbank/rba-raises-its-cash-interest-rate-by-25bp-as-expected-20221101/" rel="follow" target="_self" class="vertical-align-baseline">RBA raises its cash interest rate by +25bp, as expected</a></li></ul><p>While +25 was the consensus expectation, that I was not brave enough to dispute (correctly so it turns out), I thought the arguments for a hike of circa 50bp were very strong. Of course, these arguments needed to be tempered against what is a very timid, and over-confident, RBA. </p><p>Anyway ... back to the currency.</p><p>AUD/USD has lost ground after the announcement:</p>
This article was written by Eamonn Sheridan at forexlive.com.
Source: AUD/USD has dropped back after the as expected RBA +25bp rate hike (https://forexlive.com/centralbank/audusd-has-dropped-back-after-the-as-expected-rba-25bp-rate-hike-20221101/https://forexlive.com/centralbank/audusd-has-dropped-back-after-the-as-expected-rba-25bp-rate-hike-20221101/)
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