Global Markets Navigate Hawkish RBA, Geopolitical Tensions, and Shifting Oil Dynamics

Key TakeawaysThe Reserve Bank of Australia (RBA) has adopted a more hawkish stance, with recent inflation data and robust household spending fueling market expectations for potential rate hikes, pushing the AUD/USD higher.Europe's top diplomat, Kaja Kallas, has issued strong warnings against Russia's aggression, characterizing President Putin's demands for Ukrainian concessions as a "trap" and urging a decisive European response to a changing global order.The oil market is exhibiting narrowing backwardation ...