0503 GMT - The Australian dollar fell around 0.3% in Asian trading following comments from the Reserve Bank of Australia's Governor Michele Bullock, says Kristina Clifton, currency strategist at CBA. Bullock left the door open for further interest rate hikes if needed, but she also noted the economy was slowing as expected and that it would take time for the full impact of earlier interest rate hikes to emerge, she says. On balance, the market assessed Bullock's comments imply the RBA is less likely to raise interest rates in the near term. Markets are currently pricing around a 19% chance of an August interest rate hike, compared to around a 32% chance before the speech, Clifton says. (james.glynn@wsj.com; X @JamesGlynnWSJ)
(END) Dow Jones Newswires
July 28, 2026 01:03 ET (05:03 GMT)
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