The RBA hiked interest rates in a surprise move bring Australian interest rates to 4.75 percent.
The Australian Dollar was promptly pushed to parity against the US Dollar. With news from the Federal Reserve due out later this week, there should be further important action on this pair this week.
As a matter of fact with the US Elections pending, and then the Fed, we could be looking at a totally different market by the end of the week.
What do you see coming for the US Dollar and the forex markets?