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Home » FOREX-Dollar gains, Aussie slides after RBA hikes but tempers hawkish view

FOREX-Dollar gains, Aussie slides after RBA hikes but tempers hawkish view

    The dollar advanced on Tuesday as last week's rally in riskier currencies took a breather, while the Aussie dollar slid after the Reserve Bank of Australia raised rates but tweaked its outlook, spurring expectations that hikes are at an end. Commonwealth Bank of Australia's currency strategist Carol Kong said RBA's forward guidance was slightly watered down, which was perceived as dovish, resulting in the Aussie quickly giving back its gains after an initial knee-jerk rally.

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