The Australian Dollar is the top-performing G10 currency after Australian retail sales beat expectations and raised the odds of another interest rate rise at the country's central bank.
The Australian Dollar is on the defensive after the Reserve Bank of Australia released its June meeting minutes, however, weakness might prove shortlived.
Since the start of the year, the year-end median forecast for the Pound to Australian dollar exchange rate has risen by 500 pips.
Australian Dollar: Bracing for a Hike
- Category: AUD
Australian financial conditions are tightening as markets brace for another interest rate hike at the Reserve Bank of Australia (RBA).