SUBSCRIBE TO FEEDRisk aversion rules forex market, though
The Reserve Bank of Australia hiked its interest rate again, continuing its aggressive attempts to stem the tide of inflation. Australia’s economy gets regular boosts from China, though, and with China trying to slow things down, the RBA may put further hikes on hold.
Normally, such a move would be accompanied by some risk appetite on the forex market. This is not the case today. Equities in Europe and the U.S. are plunging on European debt concerns. In the U.S., the Dow is down more than 150 points.
