Aussie Sells Off After RBA Hikes 50 bp while Sterling Bounces on UK New Initiative
Marc Chandler
September 06, 2022
Overview: A GBP130 bln initiative by the new UK
government to protect households from the surge in power costs helped lift sterling
from 2.5-year lows. The Reserve Bank of Australia delivered the expected 50 bp
rate hike, but the prospect of smaller moves going forward saw the Australian
dollar sold through yesterday’s lows. The MSCI Asia Pacific …
Aussie Sells Off After RBA Hikes 50 bp while Sterling Bounces on UK New Initiative
Reviewed by Marc Chandler
on
September 06, 2022
Rating:
Reviewed by Marc Chandler
on
September 06, 2022
Rating:
