- Friday brought some adjustments in the AUD/USD pair, a reflection of the comments by RBA Governor Bullock.
- She expressed vigilance toward potential inflation risks, deeming it premature to consider any rate cuts.
- Simultaneously, Bullock acknowledged the uncertainty of the outlook, explaining that the bank doesn't foresee being in a position to cut rates in the near term. She noted that, relative to other countries, Australia's policy rate is at its peak of 4.35%.
- A weakened Greenback stems from mixed sentiment figures and weak housing market data from the United States.
- As monetary policies diverge, the pair may see further upside.
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