ACM - In Australia, the RBA left it benchmark rate at 7.25% as widely expected. But it was the accompanying statement which moved the Aud to lower levels : [the] tightening in financial conditions has been substantial [and] inflation will remain high in short term, but decline over time. had clear overtones of prudence albeit less hawkish then the past two statements. Consequently traders sold the Aud as the probability of another hike decreased.
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