AUD/USD struggles around 0.6700 amid hawkish Fed comments, RBA Minutes eyed – by anilpanchal7 AUDUSD RiskAppetite Fed RBA China
so challenging the Aussie pair buyers is the fresh Covid fears from China, as well as the cautious mood ahead of the key data/events. of Cleveland and New York crossed wires and defended the previous week’s hawkish bias of the US central bank. That said, New York Fed President William said that it was possible for the FOMC to hike more than the terminal rate projected in the dot plot.
Elsewhere, the softening of the activity data from China and doubts over the recently declining COVID-19 numbers also keep AUD/USD buyers on the edge. “China President Xi Jinping and his senior officials pledged to shore up China's battered economy next year as the deaths of two veteran state journalists highlighted the worsening spread of COVID-19 in the capital Beijing,” per Reuters.
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