Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.

RBA Raises Rates by 25 Basis Points

Posted by Greg Michalowski on Tue, 11/06/2007 - 5:31pm in

The RBA raised rates by 25 basis points to 6.75% as expected. AUDUSD at 0.9285. Comments are hawkish on inflation. Few signs of growth slowing. Rise in exchange rates will help contain price pressures.

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