Aussie rises after remarks by RBA's governor

2022-03-09 17:46:30 GMT (

Australian dollar rose on Wednesday as the greenback weakened against rivals, ahead of new remarks by Reserve Bank of Australia's governor Philip Lowe.


Lowe opened the door for a rate hike later this week, noting the risks that would accumulate if hiking rates was delayed by too much.


Lowe pointed to rapid inflationary pressures worldwide, especially with shortage of certain essential commodities.


Lowe lauded the improvements of the Australian economy and how inflation so far hovers near targets despite the worldwide chaos, while wages continue to improve as well.


AUD/USDD rose 0.6% as of 17:43 GMT to 0.7318, with an intraday high at 0.7338, and a low at 0.7264.

More News

Risk Disclaimer : Economies would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Economies does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.