Australian dollar edges higher after RBA decision. Bullock up next ...Middle East

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Australian dollar edges higher after RBA decision. Bullock up next
Governor Michele Bullock is set to hold a press conference at the bottom of the hour following the RBA decision and new forecasts. AUD/USD rose about 10 pips on the statement as they retained a hawkish stance. Expect more talk of wanting to gain confidence about falling inflation -- particularly services inflation -- before shifting towards rate cuts.The live-stream of the conference is here. This article was written by Adam Button at www.forexlive.com.

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