Australian Dollar gains ground on higher ASX 200 Index on Wednesday. RBA’s Bullock emphasized that the fight against inflation is still ongoing. PBoC has kept the interest rate unchanged at 3.45%.
could maintain its key cash rates within a range of 5.25% to 5.5%. The Australian Dollar has rebounded from intraday losses and is striving to shift into positive territory on Wednesday. The higher ASX 200 may have lent support to the AUD, thereby bolstering the AUD/USD pair. However, the robust US Dollar could be exerting downward pressure on the pair. The Reserve Bank of Australia has chosen to maintain interest rates at a 12-year high of 4.
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