AUD/USD retreats from 5-month highs around 0.7063, meanders around 0.6950s – by christianborjon AUDUSD Majors Currencies
Federal Reserve officials pushed back against interest rates peaking below 5%.AUD/USD erases its earlier gains after hitting a multi-month high at 0.7063, plunges below 0.7000, and turning down in the day by 0.27%.
Aside from that, the Federal Reserve reported that Industrial Production in the US decreased -0.7% in December and -1.7% in Q4. Additionally, US manufacturing output fell -1.3% last month, albeit November’s data was downward revised -1.3%.
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