Australian Dollar closes the week strong helped by a weaker USD and a hawkish RBA – FXStreet

The Australian Dollar ended the week on a high note, supported by a softer US Dollar and a more hawkish Reserve Bank of Australia (RBA). The currency’s strength was evident as it closed out the week with solid gains. The weaker US Dollar provided a boost to the Australian Dollar, making it more attractive to investors. Additionally, the RBA’s hawkish stance on monetary policy added further support to the Aussie currency. Overall, the Australian Dollar showed resilience and closed the week strong.