AUD/USD MARCHES TOWARDS 0.6700 ON ECONOMIC OPTIMISM, EASY INFLATION SIGNALS FROM FED OFFICIALS I 에서

13 Apr 2023, 21:03 · Views 59

AUD/USD picks up bids to renew intraday high, extends the previous day’s rebound from one-week low. Australian Treasurer Chalmers reject recession woes despite suggesting drastic economic slowdown, RBA’s Bullock fails to gain attention. China-linked optimism, Fed policymakers’ receding hawkish bias also propel Aussie prices. US CPI, FOMC Minutes will be crucial to watch for clear directions as RBA’s rate-hike pause prods AUD/USD bulls.

AUD/USD renews an intraday high around 0.6670 as receding fears of Aussie recession joins the easing hawkish bias of the Federal Reserve (Fed) officials 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.”

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