AUD/USD buyers attack 0.7100 amid sluggish Asian session, second-tier Aussie data eyed By anilpanchal7 AUDUSD RiskAppetite Fed Currencies Inflation
RBA’s Ellis hints at more rate rises, FOMC Minutes raised doubts on rate lifts post-September.Australia Q1 Private Capital Expenditure will decorate calendar ahead of US Preliminary GDP.
AUD/USD remained pressured during early Wednesday as a risk-aversion wave, mainly led by the headlines concerning the US-China tussles and geopolitical fears emanating from North Korea, as well as China’s covid conditions, underpinned the US dollar’s safe-haven demand. Hawkish comments fromHowever, downbeat US data and FOMC Minutes raising possibilities of no frequent rate hikes seemed to have favored the AUD/USD buyers of late.
It should be noted that the hawkish ECBSpeak also contributed to the AUD/USD run-up, via firmer EUR and softer USD.
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