Why the RBA hiked by a surprise 50bps
The RBA surprises markets and hikes by 50 bps lifting the AUDNZD
AUD
Trading the RBA meeting next week
The RBA are likely to stay on hold next week as they have not yet achieved their 3% wage price index target.
Australia labour data set to lift the AUD
The chances of the RBA hiking sooner have now increased after strong AUD jobs data.