Published by Jamie JemmesonThe Australian dollar dipped alongside bonds prior to the Reserve Bank of Australia's (RBA's) 25 basis point hike which takes the cash rate to four per cent.In a statement this morning (March 2nd), the central bank declared that it was confident that growth in Asia would offset the mounting debt crisis in Europe and facilitate further recovery in Australia.The announcement was largely in line with analysts' expectations, and the forex hedging seen on the Aussie prior to the announcement was fuelled by the assumption the RBA would introduce a further hike.Speaking to Bloomberg, Stephen Walters, chief economist at JPMorgan Chase in Sydney, said the central bank is likely to push for a rise "every couple of months", adding that the volatility of recovery will probably stay their hand next month.The group held steady on rates last month despite broad expectations of another hike in line with the relative growth and stability enjoyed by Australia in recent months.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site