Australian Dollar steady as hawkish RBA makes the Aussie gain interest

• AUD/USD shows an increase, climbing to 0.6950.
• RBA’s Bullock was on the wires and maintained its hawkish stance.
• A weaker USD also benefited the Aussie.

The AUD/USD pair experienced an increase of 0.40% during Friday’s session, settling near 0.6950. Mixed sentiment data from the United States combined with the words of Reserve Bank of Australia’s (RBA) Governor Michele Bullock impacted the Aussie.

The RBA’s continued hawkish stance, despite the mixed Australian economic forecast and increasing inflation, has resulted in markets predicting only a 25-basis-point easing for 2024, which seems to be making the Aussie gain interest.