Australian Dollar Rises Amid RBA Rate-Hike Speculation
The Australian dollar strengthened against major currencies in the European session after minutes from the Reserve Bank of Australia’s September meeting reinforced expectations of further rate increases this year.
The Australian dollar gained against other major currencies during Wednesday’s European session. Minutes from the Reserve Bank of Australia’s September meeting indicated that the bank remained prepared to raise interest rates further this year, reinforcing the view that additional hikes are possible.