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FOREX-Aussie hits RBA hawkish, Euro reeling on sanctions fears

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News Tech: The Australian dollar surged to a nine-month high on Tuesday after the country’s central bank signaled an interest rate hike was imminent. Meanwhile, the euro languished near its weekly lows amid talks of further sanctions against Russia. The Australian dollar rose 0.81% after the Reserve Bank of Australia withdrew its promise to “patience” tightening monetary policy and to keep interest rates at their original record lows.

It came to $0.7603. Commonwealth Bank strategist Joseph Capruso said in June that he was most likely from Australia. He said “Australia is comfortably crossing the 75.40 cents resistance level and we believe it will be closer to 77 cents in the coming months” but may pause at 76 cents for now. The euro was little changed at $1.09645 after falling to $1.0960 for the first time since March 28 in the last session.

The Kremlin has denied allegations of killing civilians. Trouble with the euro has pushed the dollar index higher, which stayed near his weekly high of 99.083 last night. Most recently it was 99.012. However, the dollar fell 0.17% to 122.55 yen, and after recovering from a multi-year high of 125.105 on March 28, he continued to hold near 122.5, making the move in long-term U.S. Treasury yields broader tracked.

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