Morning Kickstart: Dollar gains against most majors despite the RBA rate hike

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The Reserve Bank of Australia (RBA) raised its benchmark interest rate by 25 basis points to 4.60% in a unanimous decision, citing persistent domestic inflation and rising energy costs. Despite this monetary tightening, the Australian dollar declined against the U.S. dollar as markets had already priced in the move. Concurrently, the U.S. dollar demonstrated broad strength across most major currency pairs, gaining ground against the euro, British pound, and New Zealand dollar, while falling slightly against the Japanese yen.