The RBA Hiked Rates and the Australian Dollar Still Fell

AUD/USD fell after the RBA rate hike because the central bank's hawkish stance was already priced in while the U.S. dollar stayed firm. Fawad Razaqzada, StoneX Media Market Analyst, breaks down the RBA decision, U.S. dollar strength and the AUD/USD technical picture. The Reserve Bank of Australia raised rates by 25 basis points and left the door open to a fourth-quarter hike, putting Australian inflation data in focus. The U.S. dollar held firm despite weak job openings and consumer confidence data, with core PCE and nonfarm payrolls ahead, while AUD/USD slipped below its 200-day moving average. 0:00 Aussie Sinks Despite RBA Hike 0:26 RBA Keeps a Q4 Hike in Play 1:03 Dollar Shrugs Off Weak Data 1:54 AUD/USD Breaks Below 200-Day 2:29 Aussie Bulls Need a Rebound 2:59 Bulls Carry Burden of Proof Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_fawad_razaqzada&utm_content=share Like and subscribe for more financial market insights. #AUDUSD #Forex #StoneX #FawadRazaqzada #RBA