Australian dollar rebounds after RBA hawkish inflation comments
RBA Governor Michele Bullock reiterated hawkish views on inflation and interest rates; NZD appears set for a fourth straight week of losses, pushing AUD broadly higher versus NZD and related pairs.
The Australian dollar bounced on Friday after the country's central bank again sounded hawkish on inflation and interest rates, while its New Zealand counterpart looked set for a fourth straight week of losses. Appearing before lawmakers, Reserve Bank of Australia Governor Michele Bullock reiterated a hawkish stance on inflation and interest rates.