RBA June minutes eyed for hike threshold clues after unanimous hold, inflation risk live
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The AUD is sensitive to any language in the minutes suggesting the board's tightening bias is either hardening or softening, with a firmer hike signal likely to push the currency higher against the USD and JPY. Rate markets will be watching closely for any indication that the exp
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ING sees AUD rebound ahead as RBA signals pause but stands ready to act
The desk believes the Australian dollar (AUD) is poised for a rebound following its recent weakness post-RBA decision, as the Reserve Bank of Australia (RBA) maintains a hawkish stance despite signaling a pause in rate hikes. Per the full note from ING, the RBA raised the cash rate to 4.35% with an 8-1 vote, indicating a strong consensus among board members. While GDP growth forecasts were cut to 1.3% for 2026, the RBA's readiness to act if inflation surprises to the upside suggests that the AUD could find support in the near term.