The Australian Dollar struggled as the RBA issued a 50bps interest rate hike, as expected. Traders may now look to global stock market sentiment for a directional lead.
G7 oil price cap attracts a tit-for-tat response from Russia in latest energy standoff. EUR/USD traded below 99 cents and fiscal support from UK PM front runner lifts GBP
AUD/USD begins the trading week lower as economic data and a stronger USD weighs on the Aussie dollar, while attention now shifts to tomorrow’s RBA rate announcement.