RBA: Board expects that some further tightening of monetary policy may be needed

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Having surprised global markets with a 0.25% rate hike, the Reserve Bank of Australia’s (RBA) economic analysis also allow AUD/USD bulls to remain hopeful.

Also read: Breaking: RBA surprises markets with rate hike to 3.85% in May, AUD/USD rallies

Also read: AUD/USD soars above 0.6680 as RBA surprisingly elevates interest rate by 25 bps to 3.85%

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