AUD/USD fluctuates around 0.6877 though ended the week with losses – by christianborjon AUDUSD Majors Macroeconomics Fed
and the Producer Price Index , were lower compared to December’s data but above estimates. In fact, the highlight of the week was PPI on a monthly basis, exceeding the consensus and the prior month’s figure, which justifiedOn Thursday, Cleveland and St. Louis Fed Presidents Loretta Mester and James Bullard commented that they’re seeing compelling evidence to raise rates by 50 bps in upcoming meetings.
Today, Fed Governor Michell Bowman stated that the US central bank has not finished tightening monetary conditions and reiterated that “we haven’t beaten inflation.” Meanwhile, Richmond’s Fed President Thomas Barkin said that getting inflation back to the Fed’s 2% goal “will require more rate increases,” said reporters following an event in Rosslyn, Virginia. “How many of those I think we’ll have to see ... what you see is progress, but slow progress, you don’t see victory.
Elsewhere, in the Asian session, the Reserve Bank of Australia Governor Philipe Lowe said that based on incoming data, theboard estimates that additional rate increases will be needed “over the months ahead to ensure that inflation returns to target and that this period of high inflation is only temporary.”
“If we don’t get on top of inflation and bring it down in a timely way, the end result will be even higher interestGiven the backdrop and worse than estimates Australian labor market date revealed on Wednesday, the US Dollar regained composure and weighed on the Australian dollar. TheThe Australian economic docket will feature Manufacturing, Services, and Composite PMIs, the Composite Leading Index, and the Wage Price Index.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
When is the Australian employment report and how could it affect AUD/USD?January month employment statistics from the Australian Bureau of Statistics, up for publishing at 00:30 GMT on Thursday, will be the immediate cataly
Consulte Mais informação »
AUD/USD plummets below 0.6900 on downbeat Aussie inflation, employment dataAUD/USD plummets below 0.6900 on downbeat Aussie inflation, employment data – by anilpanchal7 AUDUSD RiskAppetite Employment Inflation CentralBanks
Consulte Mais informação »
Breaking: AUD/USD drops over 30 pips on Aussie jobs data disappointmentThe Australian Employment Change and jobs data released by the Australian Bureau of Statistics has been released as follows and is a disappointment,
Consulte Mais informação »
AUD/USD Price Analysis: Pares Aussie-employment-induced losses, H&S highlights 0.6865 supportAUD/USD Price Analysis: Pares Aussie-employment-induced losses, H&S highlights 0.6865 support AUDUSD Technical Analysis ChartPatterns SwingTrading SupportResistance
Consulte Mais informação »
AUD/USD holds above 0.6900 amid weaker USD, lacks follow-through ahead of US dataAUD/USD holds above 0.6900 amid weaker USD, lacks follow-through ahead of US data – by hareshmenghani AUDUSD Employment Fed Inflation Currencies
Consulte Mais informação »
AUD/USD Price Analysis: Bears and bulls about to standoff at key 0.6850sAUD/USD has stalled on the bid and has been making tracks to the downside in the last couple of hours in the hunt for territory below 0.685o lows. The
Consulte Mais informação »