Home›Forex›Major Pairs›Australian dollar slips versus most major peers despit…

Australian dollar slips versus most major peers despite hawkish RBA minutes

AUD was the weakest versus the New Zealand dollar during the European session, while it held up only against the US dollar.

Reported · Written up by our desk · Major Pairs

The Australian dollar traded lower versus most of its major currency peers during the European session on Tuesday, with AUD under pressure except against the US dollar.

FXStreet reported that the move came even after the Reserve Bank of Australia released hawkish minutes from its September policy meeting.

Analysts at Commerzbank said the minutes make clear that the RBA has shifted focus toward inflation, suggesting the central bank is increasingly preoccupied with mounting price pressures.

More like this

Sources