RBA maintains its hawkish position, undergirding a strengthened AUD.
Investors to eye upcoming mid-tier Australian economic figures during the Asian session.
The AUD/USD pair experienced an increase of 0.40% during Monday's session, settling near 0.6600. Undoubtedly, the Reserve Bank of Australia's (RBA) unwavering hawkish stance and stronger Chinese inflation figures reported last week provide a supportive platform for the Aussie, although escalating geopolitical tensions in the Middle East might limit its upside.
Considering the mixed Australian economic outlook and high inflation, the RBA has all the reasons to remain hawkish, which might continue benefiting the Aussie.
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