Weekly Roundup: Australian dollar wavers higher amid improving mood
Amy Richards October 24th 2022 - < 1 minute read
The risk-sensitive Australian dollar fluctuated higher last week as market sentiment wavered, improving overall by the weekend.
Early on in the week, the Reserve Bank of Australia’s (RBA) meeting minutes gave the ‘Aussie’ a boost as they signalled further rate rises to come.
However, expectations that the RBA will slow its pace of policy tightening seem to have limited AUD’s gains.
As this week’s trade began, the ‘Aussie’ slipped. A downbeat market mood, poor PMI results, and cautious comments from the RBA all rattled AUD investors.
Looking ahead, Australian inflation data in mid-week trade could drive AUD movement. If inflation continues to rise, the ‘Aussie’ dollar could climb.
Written by
Amy Richards