The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, amid rising speculations that the Reserve Bank of Australia or the RBA will raise interest rates next week.
In reality, despite worries about a possible war-related spike in inflation, RBA Deputy Governor Andrew Hauser stated on Tuesday that there will be a serious discussion about whether or not to hike interest rates when the central bank meets next week.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.