Reported 2 days ago
The Australian dollar approached a four-month low after the Reserve Bank of Australia indicated a softer policy outlook, raising expectations for an interest rate cut. In contrast, the U.S. dollar remained stable against major currencies, gaining ground against the yen in anticipation of upcoming U.S. inflation data and Fed rate adjustments. The RBA removed its hawkish stance, prompting increased market bets for a rate cut in February.
Source: YAHOO