AUDUSD: More Update
Hello Investors!! The USD edged lower during the European Session early Tuesday in line with wider risk sentiment but remained elevated with the U.S Fed Reserve seen retaining an aggressive tightening Stance.
The Australian Dollar rose 0.06% after RBA Australia’s Governor Philip Lowe signaled a lot more policy tightening ahead. He also played down the chances of a super sized 75bps hike.
Also the extended rebound in the Aussie comes on the ongoing sell off in the USD across its major peers. Investors seem to shrug off the looming recession risks. bulls also sense caution amid fresh lockdowns in Shenzhen and Macau as Covid outbreaks spread to southern China.
Focus now remains on the testimony of Fed Chair Jerome Powell to the senate and house on Wednesday and Thursday for clues of future moves.
This is an article not Financial advice
If you have any questions please leave a comment and I will answer them
And please support this idea with your likes and comment. Thank you
The Australian Dollar rose 0.06% after RBA Australia’s Governor Philip Lowe signaled a lot more policy tightening ahead. He also played down the chances of a super sized 75bps hike.
Also the extended rebound in the Aussie comes on the ongoing sell off in the USD across its major peers. Investors seem to shrug off the looming recession risks. bulls also sense caution amid fresh lockdowns in Shenzhen and Macau as Covid outbreaks spread to southern China.
Focus now remains on the testimony of Fed Chair Jerome Powell to the senate and house on Wednesday and Thursday for clues of future moves.
This is an article not Financial advice
If you have any questions please leave a comment and I will answer them
And please support this idea with your likes and comment. Thank you
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