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Feb 3, 2026

Forex Today: Australian Dollar rises on RBA hike, US data postponed once again

Here is what you need to know on Tuesday, February 3:

AUD: RBA hikes cash rate, inflation concerns persist – TD Securities

The Reserve Bank of Australia (RBA) raised the target cash rate by 25bps to 3.85% in a unanimous decision, citing risks to inflation from excess demand and capacity constraints. The RBA's core inflation forecast was increased from 2.7% to 3.2% for 2026, indicating the likelihood of further action.