The RBA's new Governor Michele Bullock sent a message of continuity and added pressure on AUD. Economists at ING analyze Aussie’s outlook. New RBA gov
The RBA's new Governor Michele Bullock sent a message of continuity and added pressure on AUD. Economists at ING analyze Aussie’sThe RBA kept rates on hold as Michele Bullock made her debut as Governor. Markets are pricing in around 10 bps of tightening by December. We are more hawkish than the general consensus, seeing non-negligible chances that a CPI surprise will force one last hike to the peak.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.EUR/USD rose toward 1.0500 in the European morning on Monday but struggled to gather bullish momentum. The cautious market stance makes it difficult for the pair to continue to stretch higher as investors await mid-tier data releases from the US.Following a short-lasting recovery attempt to the 1.
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