Forex
AUD Gains Ahead of RBA's Bullock Speech: Markets Eye Interest Rate Hike
The Australian dollar is strengthening ahead of Reserve Bank of Australia Governor Michele Bullock's speech to the Anika Foundation. The AUD/USD exchange rate has gained 0.2% in recent trading.
This gain comes as financial markets await Bullock's comments on interest rates and inflation, following the RBA's decision last month to keep rates unchanged.
Some economists are concerned that the RBA may hike rates again when it meets in two weeks' time, with a 35% chance of a rate increase according to Bloomberg.