The Reserve Bank of Australia (RBA) is set to decide on its latest call on interest rates on Tuesday 7 November and it may provide volatility around AUD/USD. The pair has seen upward creep of late in part due to the drop in the US dollar but also on growing expectations that the RBA will make a move against the wishes of politicians and raise rates by 25 basis points. That would take the main official cash rate up to 4.35%. While still not as high as the Bank of England or the Federal Reserve, this would appeal to those that are long the Australian dollar.
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AUDUSD bullish all the way to 0.69.
Thanks for the Insight