ASX retreats as Westpac, NAB, ANZ, CBA shares jump after RBA hike
The ASX 200 index drifted downwards after the Reserve Bank of Australia (RBA) decided to hike interest rates by 0.25%. It dropped to a low of A$7,290, which was a few points below last month’s high of A$7,396. The AUD/USD spiked to a high of 0.6700 after the RBA decision.
May 2, 2023