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AUD/USD Stalls Near 0.7070-0.7080 Amid RBA Hawkish Hold

Guavy AI Editorial Team
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USD AUD
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The Australian Dollar's recovery has met some resistance at the 0.7070-0.7080 band against the US Dollar, but it still shows signs of struggling to surpass 0.7000 in a sustainable fashion.

The RBA's cautious stance and sticky domestic inflation are expected to keep underpinning the Aussie on occasional bouts of weakness.

The Reserve Bank of Australia (RBA) delivered a hawkish hold at its event, matching the broader consensus and opening the door to extra tightening in case of need.

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