AUD/USD (6A) — RBA delivered a hawkish 25bp hike to 4.85% on Nov 3 as expected, but the 6-3…
Market consensus has swung decisively BEARISH on AUD following the RBA's dovish-hike outcome, with swaps pricing only 6% probability of another hike and fully pricing a rate cut by year-end, creating a complete reversal of the structural bullish narrative that had been anchored by RBA policy diverge
