The Reserve Bank of Australia has pushed ahead with monetary policy tightening. With the prospect of more to come the AUD is performing well.
Sentiment is cautious at the start of a week of likely significant volatility for major markets. Risk assets are weaker ahead of a raft of central bank decisions.
Consolidation is developing across major markets. However, one decisive mover is the AUD which has jumped on the hawkish implications of higher inflation.
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