The AUD/USD brushed off the latest minutes by the Reserve Bank of Australia (RBA) and the global economic downgrade by the IMF.
These minutes had no implication on the AUD/USD because they were in line with what analysts were expecting.
The members also believe that the economy was resilient and that consumer spending was rising after the government ended its travel restrictions. Most importantly, the committee said that the recent developments had caused it to bring forward the timing of its first rate hike. Analysts now expect that the first 0.25% rate hike will happen in June.
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