Australian Dollar futures rose for a third consecutive session, reaching a 15-month high of 0.76735. The move highlights significant relative strength as the Reserve Bank of Australia maintains a hawkish monetary policy stance to address inflation dynamics. This restrictive approach positions the RBA as an outlier compared to other global central banks that remain more accommodative. While the U.S. Dollar index held above the 98 level and put pressure on most major currencies, including Euro and British Pound futures, the Australian dollar continued to move higher. The divergence suggests market participants are prioritizing RBA policy shifts over broader currency trends.
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