RBA’s Bullock: Volatility in financial markets does affect sentiment, but not the economy
Source Fxstreet
Reserve Bank of Australia (RBA) Governor Michele Bullock is responding to the Q&A session following her speech titled ‘Economic Conditions in Post-Pandemic Australia with a Regional Lens’ at Thursday's Rotary Club of Armidale Annual Lecture.
Key quotes
Volatility in financial markets does affect sentiment, but not the economy.
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Market reaction
AUD/USD holds the rebound near 0.6550 following the hawkish comments from the RBA Governor. The pair is currently trading 0.53% higher on the day to 0.6552.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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AUD/USD extends its losses for the second successive day, trading around 0.7160 during the Asian hours on Tuesday. Traders expect the Reserve Bank of Australia (RBA) to deliver an interest rate hike later in the day.
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