Bullock spoke earlier saying inflation is still high and persistent and its too early to be thinking about rate cuts:
The RBA left its cash rate unchanged at its meeting on August 5 and 6 and meets again on 23 and 24 September.
AUD has rallied ... but then again so has the NZD. EUR, GBP, CAD are all up a little against the USD also. Even the hapless yen!
![audusd rba bullock rate cut 16 August 2024 2](https://images.forexlive.com/images/audusd%20rba%20bullock%20rate%20cut%2016%20August%202024_id_1be5d0c3-0c83-447b-b604-bed292a7ebce_size900.jpg)