# Australian dollar supported by hawkish Bullock, yields jump - Markets - Business Recorder

> The Australian dollar rose 0.1% to $0.6550 after Reserve Bank of Australia Governor Michele Bullock warned inflation was increasingly driven by domestic demand and may need a more substantial rate response. Bond yields jumped as markets raised the odds of another local rate hike.

- Date: 2023-11-23 · published 2023-11-23T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/33411-australian-dollar-supported-by-hawkish-bullock-yields-jump-markets-business
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Higher Australian rate expectations widen yield differentials and support the Aussie, a currency-driven move with limited direct effect on feed commodity prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40274773

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.