# Will the RBA Hike? If So, AUD/USD Still Faces Roadblocks | Forex trading, free forex education | Forex.ca

> The Australian dollar posted its worst monthly performance against the US dollar since November 2021 despite hot first-quarter CPI data. Analysts say a hawkish Reserve Bank of Australia could support the currency, but a 50-basis-point Fed hike may weigh on sentiment.

- Date: 2022-04-30 · published 2022-04-30T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42094-will-the-rba-hike-if-so-aud-usd-still-faces-roadblocks-forex-trading-free-forex
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency moves here are driven mainly by global risk appetite and Fed policy expectations, with a strong dollar weighing on dollar-denominated commodity prices. The article offers no direct feed supply or demand change.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- forex.ca: https://www.forex.ca/will-the-rba-hike-if-so-aud-usd-still-faces-roadblocks/

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