Aussie little changed as the RBA continues wait-and-see approach ...Middle East

To put things short, the RBA is waiting on one of two things to happen next. That is either the economy weakens further in a more significant manner to prompt them to cut rates. Or that they get their wish and inflation falls, allowing them to also cut rates. For now, the lack of progress on the latter is still making it hard for the RBA to do anything else.And so, the aussie is caught in between all of that. The narrative remains that the RBA wishes that it could start winning the inflation fight and cut rates. But there's still an outside chance that inflation is stubborn, and could force their hand to even hike rates further if need be. So, traders have to balance those risks at the momen

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