Aussie-dollar springt op negende opeenvolgende RBA-renteverhoging

The Australian dollar leaped across the forex board after the Reserve Bank of Australia raised its cash rate by an expected 25 bps.
The Aussie gained more than 1% against the American dollar and is on pace to snap a three-day losing streak against its US counterpart.
Not only was this the central bank’s ninth consecutive rate hike, but officials also said there’s more where that came from.
Right now, the country’s cash rate – Australia’s benchmark interest rate – sits at 3.35%, the highest it’s been in just over a decade.
Australia’s rush to raise rates is part of a global central bank rotation, which is creating a rising interest-rate environment that seeks to usher in a new economic cycle defined by tighter monetary policies.
The ultimate goal – ease the grip inflation is having on the economy.