Market is ‘disbelieving’ of any extended pause as RBA holds interest rates for July

Australia News News

Market is ‘disbelieving’ of any extended pause as RBA holds interest rates for July
Australia Australia Latest News,Australia Australia Headlines

CommSec’s Tom Piotrowski says the market is “disbelieving” of any extended pause as the Reserve Bank of Australia held interest rates on Tuesday for July.

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 78%

“The market as far as currencies is disbelieving of the potential for any extended pause because the Aussie dollar sold off quite aggressively yesterday after the pause,” he told Sky News Australia.

“But has regained all of that ground and it’s trading just short of the highs that it made overnight, just above 67 US cents, having been below 66.5 US cents overnight.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SkyNewsAust /  🏆 7. in AU
 

Australia Australia Latest News, Australia Australia Headlines



Render Time: 2025-01-16 03:33:46