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AUD: Gains following RBA rate hike – Deutsche Bank

The Deutsche Bank report highlights that the Australian Dollar gained strength after the RBA raised its benchmark cash target rate by 25 basis points to 3.85%. The report indicates that the RBA anticipates further potential hikes to address persistently high inflation, with the Australian Dollar trading at 0.7008 against the US Dollar.

Australian Dollar strengthens post-rate hike

"Following this decision, the Australian dollar (+0.86%) is gaining strength after two consecutive sessions of declines, trading at 0.7008 against the US dollar."

"Against this background, markets have raised their expectations for a rate increase in May to 79%, with the market anticipating a cumulative tightening of 36 basis points this year."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Silver price today: Silver rises, according to FXStreet data

Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $86.81 per troy ounce, up 8.58% from the $79.95 it cost on Monday.
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USD: Rebound supported by strong momentum – MUFG

The US Dollar (USD) has rebounded at the start of the week, bolstered by President Trump's nomination of Kevin Warsh for Fed Chair and positive economic indicators.
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