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AUD/USD balks at hawkish comments from RBA governor
The Reserve Bank of Australia governor, Michelle Bullock has just been speaking and her comments coming across the wires in the past few minutes has not had a positive impact on the Aussie. In fact, it has been the opposite, despite Bullock banging the drum on monetary tightening. Bullock has said; that more substantial monetary tightening is the right response to increasingly home grown inflationary pressure. Now you might all be thinking, that with comments like that, the AUD/USD would have jumped, Well, it has just dumped and hit a session low at 0.6528. Before Bullock spoke it was trading close to 0.6550.
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