AUD/USD marches towards 0.6700 on economic optimism, easy inflation signals from Fed officials – by anilpanchal7 AUDUSD RBA Fed Inflation RiskAppetite
ls during early Wednesday. Adding strength to the upside momentum could be the upbeat catalysts surrounding Australia’s biggest customer, namely China.
Recently, Australian Treasurer Jim Chalmers spoke in an interview with the Australian Broadcasting Corporation radio on Wednesday and turned down fears of recession. The policymakers said, “The country will avoid a recession but warned the economy will slow significantly.” On the other hand, RBA Assistant Governor Michele Bullock highlights the importance of inflation in monetary policy decisions but failed to gain any attention as the AUD/USD pair remains firmer.
It should be noted that the IMF’s optimism surrounding China seems to also favor the AUD/USD bulls due to its trading ties with the dragon nation. That said, IMF's Asia-Pacific Chief Krishna Srinivasan said earlier in the day that China rebounded much faster than anticipated, per Bloomberg. On Tuesday, the IMF kept its growth estimations for China intact at 5.2% for 2023 and 4.5% for 2024.
Elsewhere, Minneapolis Fed President Neel Kashkari mentioned that he is less optimistic than the bond market on the speed of inflation's fall. However, Philadelphia President Patrick Harker and New York Fed President John Williams previously signaled to ease inflation pressure and weighed on the market’s bets of the Fed’s 0.25% rate hike in May. With this, the CME’s FedWatch Tool suggests a 69.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
AUD/USD struggles near 0.6650, RBA’s Bullock, US inflation and Fed Minutes eyedAUD/USD retreats to 0.6650, after bouncing off the lowest level in one month, as traders await the top-tier data/events during early Wednesday. In doi
Weiterlesen »
AUD/USD recovers further from two-week low, climbs to 0.6675-80 area amid softer USDThe AUD/USD pair attracts some buyers near the mid-0.6600s on the first day of a new week and moves away from a two-week low touched on Friday. Spot p
Weiterlesen »
AUD/USD under pressure around 0.6640The AUD/USD pair extended its intraday slump to 0.6618 after Wall Street's opening, barely bouncing from the level and currently trading in the 0.6680
Weiterlesen »
AUD/USD Price Analysis: Bounces off fortnight-long support but 0.6700 is the key to upsideAUD/USD Price Analysis: Bounces off fortnight-long support but 0.6700 is the key to upside AUDUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
Weiterlesen »
AUD/USD drops below 0.6650 as China’s Inflation decelerates further to 0.7%The AUD/USD pair has slipped below 0.6650 as China’s Consumer Price Index (CPI) has softened further despite various measures from the Chinese adminis
Weiterlesen »
AUD/USD looks to regain 0.6700 as upbeat Aussie data, barley deal joins US Dollar retreatAUD/USD looks to regain 0.6700 as upbeat Aussie data, barley deal joins US Dollar retreat – by anilpanchal7 AUDUSD RiskAppetite ForeignTrade Fed Macroeconomics
Weiterlesen »