[MARKET UPDATE] AUD/USD gradually rebounds amid RBA Governor Bullock's post-meeting press conference, where she continues to provide hawkish commentary and noted that oil prices were not the reason for the hike as inflation was already too high

AUD/USD gradually rebounds amid RBA Governor Bullock's post-meeting press conference, where she continues to provide hawkish commentary and noted that oil prices were not the reason for the hike as inflation was already too high.

RBA Governor Bullock's hawkish comments indicate a commitment to tackling high inflation, which suggests that further monetary tightening may be on the table. Her clarification that rising oil prices were not the impetus for the recent rate hike highlights the central bank's focus on underlying inflationary pressures. This could bolster the AUD, as traders price in the potential for more aggressive policy actions in the future.