The Australian dollar strengthened against other major currencies in the Asian session on Monday, as the traders await the Reserve Bank of Australia's (RBA) upcoming interest rate decision scheduled for Tuesday.
The RBA is expected to keep the Official Cash Rate (OCR) steady at 4.35 percent in the monetary policy meeting due on Tuesday, supported by robust labor market data and ongoing inflationary pressures.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.