AUD Dips Below Mid-0.7000s After RBA Decision
The Australian Dollar (AUD) dipped below the mid-0.7000s after the Reserve Bank of Australia's (RBA) decision to keep interest rates unchanged.
This was widely expected, but still disappointed Aussie bulls and contributed to some pressure on the AUD/USD pair.
The RBA noted that inflation has been less affected by the Middle East conflict than expected, which also weighed on the currency.