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Weekly Roundup: Australian dollar slides following RBA minutes 

Amy Richards June 26th 2023 - < 1 minute read

The Australian dollar suffered notable selling pressure early last week in the wake of the publication of the Reserve Bank of Australia’s (RBA) meeting minutes. 

The minutes showed that the decision to deliver a surprise hike was ‘finely balanced’, which saw markets pare back bets on further RBA rate increases. 

The ‘Aussie’ then wavered lower over the remainder of the week as a souring market mood weighed on the risk-sensitive currency. 

Risk aversion has persisted this week, leaving AUD to languish near multi-week lows against many of its peers. 

An expected sharp decline in Australian inflation could add to the pressure on the ‘Aussie’ by further denting RBA rate hike bets. 

Written by
Amy Richards

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