AUD/USD climbs above 200-hour after boost from RBA but falls back down
The pair is now tracking lower again, and the failed test here indicates that bulls are not quite back yet in the driver's seat.
The euphoria from the RBA's optimism is starting to fade, and are we really surprised?
The upgraded core inflation forecast is nowhere near enough to justify rate hikes this year, and unless inflationary pressures start improving further it's pretty much all the same with regards to the RBA.
The timing of rate hikes remain some time in Q2 2019, that is if things don't get worse from here.
