The Australian Dollar (AUD) attempts to snap a two-day losing streak on Wednesday. However, the AUD/USD pair is under pressure due to risk-off sentime
RBA’s decision to keep policy rates unchanged might exert pressure on the Aussie Dollar.
Michele Bullock, the newly appointed governor of the RBA, emphasized in her inaugural monetary policy statement that there might be a need for additional tightening of monetary policy. Atlanta Fed President Raphael Bostic shared his perspective on the Federal Reserve's policy outlook, stating, "I am not in a hurry to raise, not in a hurry to reduce either." He emphasized a patient approach, indicating that there is no urgency for further actions at the moment.
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