The Reserve Bank of Australia (RBA) raised the cash rate to 3.85%, marking its first rate hike in two years. This decision boosted the Australian dollar against major currencies, with the AUD/USD pair surging. The move signals tighter monetary policy amid improving inflation and economic data. Gold and silver prices rebounded as investors sought safe-haven assets, while global stock markets rose. Bitcoin remained under pressure below $81,000, reflecting ongoing crypto market weakness. The lack of expected US military action against Iran also eased geopolitical tensions, supporting risk-on sentiment.
Live
