Philip Wee at DBS Group Research points out that the Australian Dollar (AUD) has been a key beneficiary of the risk-on shift.
AUD/USD broke above 0.72 after the Reserve Bank of Australia (RBA) signalled a pause following three consecutive rate hikes
Aud/usd: Break Above 0.72 Highlights Risk-on Rotation – DBS
Philip Wee at DBS Group Research points out that the Australian Dollar (AUD) has been a key beneficiary of the risk-on shift. AUD/USD broke above 0.72 after the Reserve Bank of Australia (RBA) signalled a pause following three consecutive rate hikes