Aussie Heads To A 3-Month Low As RBA Indicates To Pause Rate Hike

[Forex-Outlook]

RBA's decision to raise the cash rate by +25 bps to 4.5% in early May was widely expected. However, as the hike was announced before abrupt deterioration in Eurozone's sovereign crisis, we are interested to see the rationales of the rate hike and forecast on the central bank's next step.

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