AUD/USD stumbles from weekly highs, back below the 50-DMA – by christianborjon AUDUSD Majors Fed InterestRate Inflation
remain heavy due to expectations of an aggressive Federal Reserve following Chair Powell’s remarks.
turned out to be bad news for the AUD/USD, sliding towards its daily low at 0.6858 in the North American session. At the time of writing, the AUD/USD is trading at 0.6878, below its opening price., a gauge of the buck’s performance vs. a basket of six currencies, advances 0.21%, up at 198.976, while the US 10-year benchmark note sits at 3.13%, up two bps.
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