The AUD/USD pair faces selling pressure but continues to hold the psychological support of 0.6500 in Wednesday’s late European session ahead of the Federal Reserve’s (Fed) monetary policy decision, which will be announced at 18:00 GMT.
AUD/USD faces pressure amid cautious market sentiment ahead of Fed policy. Investors await the Fed’s dot plot and economic projections for fresh guidance. RBA Bullock delivers a neutral interest rate outlook. The AUD/USD pair faces selling pressure but continues to hold the psychological support of 0.6500 in Wednesday’s late European session ahead of the Federal Reserve’s monetary policy decision, which will be announced at 18:00 GMT.
The Fed is expected to avoid signalling any timeframe for rate cuts as inflation remains stubbornly higher than the 2% target. Consumer price inflation in February was hotter than expected due to higher food and gasoline prices. The rate cuts are appropriate only if the Fed finds inflation declining to 2% as certain. Apart from that, Fed’s dot plot and United States economic projections will be keenly watched.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
AUD/USD creeps lower ahead of RBA’s decision, Fed meeting in focusThe Australian Dollar begins the Asian session, clocking minuscule losses of 0.02% against the US Dollar as market participants prepare for the Reserve Bank of Australia (RBA) monetary policy decision.
Weiterlesen »
AUD/USD Forecast: Some relief could emerge with the FedThe constant buying pressure on the US Dollar (USD) accelerated the decline of AUD/USD on Tuesday, pushing it below the key 200-day SMA (0.6557).
Weiterlesen »
AUD/USD stays steady as traders digest RBA decision, eyes on Fed meetingThe Australian Dollar begins Wednesday’s Asian session virtually unchanged against the US Dollar, following Tuesday’s loss of 0.41%, after the Reserve Bank of Australia (RBA) decision.
Weiterlesen »
Forex Today: The Fed, the whole Fed and nothing but the FedThe Greenback managed to maintain its multi-session constructive bias well and sound and propel the USD Index (DXY) back above 104.00, albeit ephemerally.
Weiterlesen »
Aussie Dollar Outlook: AUD/USD Finds Resistance Ahead of Inflation DataAUD/USD is coming off a string of eight consecutive days of gains but appears to have found resistance at a key longer-term level now that Chinese markets have eased
Weiterlesen »
AUD/USD Forecast: Decent resistance emerges around 0.6600The upward momentum of the Australian dollar halted on Monday after eight consecutive sessions of gains vs.
Weiterlesen »