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Australian Dollar Rises As RBA Bullock's Comments Spur RBA Rate-hike Bets

The Australian dollar strengthened against other major currencies in the Asian session on Tuesday, as the comments by the Reserve Bank of Australia (RBA) Governor Michele Bullock about the outlook for monetary policy spurred rate-hike bets.

Earlier in the day, the RBA Bullock stated, "Board uncertain if financial conditions are sufficiently restrictive to return inflation to midpoint of target in a reasonable timeframe."

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by RTTNews Staff Writer

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