The Australian dollar gained on its most-traded peers today even after Philip Lowe, Reserve Bank of Australia Governor, signaled that he sees no reason for hiking interest rates in the near future.
Lowe predicted that the next move in interest rates will likely be hike, not cut:
AUD/USD gained from 0.7944 to 0.7960 as of 11:37 GMT today, reaching the daily high of 0.7988. AUD/JPY advanced from 84.30 to 84.49, bouncing from the daily low of 84.06.
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