Investizo
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Fundamental analysis AUD/USD for 08.05.2024
The Australian Dollar (AUD) has experienced significant fluctuations, primarily influenced by the Reserve Bank of Australia's (RBA) recent decision to maintain its interest rate at 4.35%. Despite the anticipation of a hawkish shift following unexpectedly high inflation figures, the RBA has maintained a cautious approach, citing the need for vigilance against inflation risks. Governor Michele Bullock underscored the necessity of maintaining current rates to guide inflation back to the target range of 2-3% by the latter half of 2025.
![AUDUSD2024-05-08053322.thumb.png.65856bb997339b3e684af6ee41cb1af0.png AUDUSD2024-05-08053322.thumb.png.65856bb997339b3e684af6ee41cb1af0.png](/community/proxy.php?image=https%3A%2F%2Ftopgoldforum.com%2Fuploads%2Fmonthly_2024_05%2FAUDUSD2024-05-08053322.thumb.png.65856bb997339b3e684af6ee41cb1af0.png&hash=08490b4ca3f6fd9259e08fa7b4ff8e0f)
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The Australian Dollar (AUD) has experienced significant fluctuations, primarily influenced by the Reserve Bank of Australia's (RBA) recent decision to maintain its interest rate at 4.35%. Despite the anticipation of a hawkish shift following unexpectedly high inflation figures, the RBA has maintained a cautious approach, citing the need for vigilance against inflation risks. Governor Michele Bullock underscored the necessity of maintaining current rates to guide inflation back to the target range of 2-3% by the latter half of 2025.
![AUDUSD2024-05-08053322.thumb.png.65856bb997339b3e684af6ee41cb1af0.png AUDUSD2024-05-08053322.thumb.png.65856bb997339b3e684af6ee41cb1af0.png](/community/proxy.php?image=https%3A%2F%2Ftopgoldforum.com%2Fuploads%2Fmonthly_2024_05%2FAUDUSD2024-05-08053322.thumb.png.65856bb997339b3e684af6ee41cb1af0.png&hash=08490b4ca3f6fd9259e08fa7b4ff8e0f)
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