CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

Forex

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Australian dollar

AUD rises as RBA meeting hints at further rate hikes

The Australian dollar has continued its bullish momentum of the last few days, aided by the latest Reserve Bank of Australia meeting minutes which show willingness to continue hiking interest rates as price pressures mount.

2022-05-17T10:48:34+0100

IG Spread betting and CFD Trading

AUD/USD rate selloff pushes RSI back into oversold territory

AUD/USD takes out the July 2020 low as the ongoing deterioration in risk appetite continues to drag on commodity bloc currencies. The move below 30 in the RSI is likely to be accompanied by a further decline in the exchange rate.

2022-05-13T02:32:22+0100