Market Extra: Aussie bond yields and dollar rise after central bank delivers another surprise rate hike
Tuesday, 6 June 2023 The Australian dollar and bond yields surged, while stocks fell on Tuesday after the Reserve Bank of Australia delivered a second-straight surprise interest rate hike, cautioning that that might not be the end of it. The Aussie dollar AUDUSD, climbed 0.7% to $0.6670, while the 10-year Australian…
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Over the last few months there's been lots of talk of the U.S dollar losing its Reserve currency status with the rise of the BRICS Nations, the rise of China, the war with Russia and of course..
The European Central Bank has pressed ahead with another interest rate hike, aiming to crush inflation that is driving up the cost of groceries, utility bills and summer vacations.
Credit: euronews (in English) Duration: 01:02Published
Tuesday, 6 June 2023
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