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AUDNZD: Daily Analysis & Forecast

Markets are still digesting the Reserve Bank of Australia’s (RBA) decision to hike rates to 4.35% but water down its tightening bias to make it more conditional on incoming data.

“The softer tightening bias – against the backdrop of the RBA’s consistent reluctance to hike this cycle – reinforces our view that rates will now remain on hold,” argued analysts at Goldman.

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