AUD/USD flows: RBA Hike With Division

The RBA March meeting hike rates to 4.1% on a 5-4 vote, citing rising underlying inflation since H2 2025 and the latest oil spike. The hike was widely anticipated after Huaser's comment earlier in the week and the spilt vote confirms RBA's dynamic appraoch towards rate. The Aussie didn't see it as a hawkish surprise given the uncertain outlook and lack of revision in rate expectations. We could still only see one more hike in 2026 if the geopolitical tension is solved soon.

AUD/USD is trading 0.03% higher at 0.7073.