Aussie forecasts revised after RBA decision to hold rates

Man bench-presses weight

The Australian dollar bounced last week after the Reserve Bank of Australia (RBA) decided to hold interest rates at 3.25% on November 6, with AUD/USD trading at 1.0394 on November 11, despite a widespread expectation the pair could have plunged below parity by now.

AUD/USD has been trading well above parity since early June, climbing from 1.0381 to 1.0448 in the wake of the RBA announcement last Tuesday before rising further to 1.0473 on Wednesday. Strategists believe the currency was

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