RBA's Bigger-Than-Expected Rate Hike Jolts Markets

The transcript discusses the market's reaction to a policy change, highlighting a swift sell-off in Australian bonds and a rise in the three-year yield. The Australian dollar also saw a significant increase against the US dollar. Despite these changes, the US dollar remains strong, and the Federal Reserve is expected to be more aggressive than other central banks.

What has been the trend of the US dollar in relation to other currencies?

How does the Federal Reserve's expected actions compare to other central banks?