AUD little changed after hawkish RBA ...Middle East

The Reserve Bank of Australia remains gung-ho on beating inflation, unfussed by high rates given the resilient labour market:Reserve Bank of Australia leaves cash rate unchanged at 4.35%, as expectedFull text is here, the first one is today's decision, the second link is to the SoMP (what's the SoMP? ,,, scroll right down for an explanation)Statement by the Reserve Bank Board: Monetary Policy DecisionStatement on Monetary Policy – November 2024***The RBA's Statement on Monetary Policy. It outlines the bank's views on domestic and international economic conditions. also provides an analysis of the bank's policy decisions and an outlook for inflation and output growth. It typically includes:

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