Australian Dollar edges higher due to rising expectations of RBA delaying rate cuts

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Australian Dollar edges higher due to rising expectations of RBA delaying rate cuts
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The Australian Dollar (AUD) recovers its recent losses, trading near its six-month high of 0.6761 on Tuesday.

The Australia n Dollar gains ground due to expectations that the RBA might lag in the global rate-cutting cycle. Australia ’s 10-year government bond yield rises to near 4.4% as foreign investors seek protection from political uncertainties. Fed Chair Powell is scheduled to deliver “The Semiannual Monetary Policy Report to the US Congress on Tuesday. The Australia n Dollar recovers its recent losses, trading near its six-month high of 0.6761 on Tuesday.

USD EUR GBP JPY CAD AUD NZD CHF USD -0.02% 0.02% 0.08% -0.00% -0.07% -0.02% 0.07% EUR 0.02% 0.03% 0.10% 0.00% -0.05% 0.00% 0.09% GBP -0.02% -0.03% 0.06% -0.02% -0.06% -0.03% 0.05% JPY -0.08% -0.10% -0.06% -0.09% -0.16% -0.12% -0.03% CAD 0.00% -0.00% 0.02% 0.09% -0.08% 0.00% 0.06% AUD 0.07% 0.05% 0.06% 0.16% 0.08% 0.04% 0.10% NZD 0.02% -0.01% 0.03% 0.12% -0.00% -0.04% 0.08% CHF -0.07% -0.09% -0.05% 0.03% -0.06% -0.10% -0.

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