It seems that the RBA does not seem eye to eye with the market on the monetary support. Investors are likely to “sell” the Central Bank rate increase at the next meeting. At the same time the AUD/USD continues to conquer the peaks.
The RBA is caught in-between two economic extremes, which made them keep the rates unchanged. The Euro and Pound are slowly falling, as the Dollar has started to gain momentum ahead of the FOMC protocol.