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USD Index Hikes 0.7% to Hit New High since Dec 2002
USD Index expanded 0.7% to last at 105.8 during Europe's trading session, notching a new high since December 2002. The Reserve Bank of Australia (RBA) announced today to raise ...
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USD Index Hikes 0.7% to Hit New High since Dec 2002
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2022/07/05 16:47
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USD Index expanded 0.7% to last at 105.8 during Europe's trading session, notching a new high since December 2002.

The Reserve Bank of Australia (RBA) announced today to raise the cash rate target by half a percentage point, aligning with market consensus. Following the news, the Australian dollar dipped 0.9% to 0.6803 against the U.S. dollar. EUR and GBP likewise edged down 0.9% and 0.2% to 1.0326 and 1.2020, respectively, against the USD.
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