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The Reserve Bank of Australia (RBA) has raised interest rates in a strategic move to counter persistent inflationary pressures affecting the domestic economy. This hawkish shift comes as geopolitical tensions between the United States and Iran escalate, weighing on global market sentiment. Meanwhile, investors are pivoting their focus toward upcoming US economic indicators, specifically the ISM Services PMI and JOLTs job openings report. These data points are expected to provide critical insights into labor demand and service sector resilience under current Federal Reserve policies. Analysts are closely monitoring how these combined factors will influence global risk appetite and currency fluctuations. Markets remain sensitive to further developments in the Middle East and their potential impact on energy prices and global stability.
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