4 Global Market Updates- 9 July, 2022

 

In this article, we have covered the highlights of global market news about the Australian Dollar, Gold Price, and British Pound and Crude Oil.

Low Australian Dollar keeps Good Times Rolling.

The AUD/USD exchange rate had another week of ups and downs due to the activities in the world’s financial markets.

Early in the week, the RBA increased rates as anticipated. The bank increased the cash rate from 0.85 percent to 1.35 percent by 50 basis points. The bank raised rates by 50 basis points in two sessions for the first time.

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