[MARKET UPDATE] AUD/USD (+0.5%) extends on gains after reclaiming the 0.71 handle for the first time in 3 years, while the tailwinds also follow comments from RBA's Hauser that inflation is too high, which they can't let persist and will do what is needed

AUD/USD (+0.5%) extends on gains after reclaiming the 0.71 handle for the first time in 3 years, while the tailwinds also follow comments from RBA's Hauser that inflation is too high, which they can't let persist and will do what is needed.

The AUD/USD is rallying after reclaiming the 0.71 handle, reflecting positive sentiment driven by RBA's Hauser’s comments on inflation control. This suggests a hawkish shift from the RBA, indicating readiness to tackle persistent inflation, which could lead to a tighter policy stance and impact the broader currency landscape significantly.