China Caixin Services PMI below expectations (56.5) in April: Actual (56.4)

May 5, 2023

RBA Monetary Policy Statement: Further rate hikes may be needed

The RBA Monetary Policy Statement released by the Reserve Bank of Australia is out as follows: PROJECTIONS ARE BASED ON A 3.75% RATE PEAK, WITH RATES

The AUD/USD pair has climbed strongly above the round-level resistance of 0.6700 amid the release of hawkish Reserve Bank of Australia (RBA) minutes.