AUD/USD retreats from 0.6530 as a rebound in US PCE supports more rate hikes from Fed – by Sagar_Dua24 AUDUSD RBA Fed DollarIndex Inflation
Index is anticipated to shift in the bullish trajectory for a longer term after a rebound in Federal Reserve’s preferred inflation gauge.. Investors went heavily for US equities on expectations that the United States economy won’t show a default for obligated payments by the Federal government. The overall market mood is quite upbeat as investors are chasing risk-sensitive assets.
The US Dollar Index reported three consecutive super bullish weekly settlements amid a delay in raising the US debt-ceiling limit by the White House. Lengthy negotiations among the White House and Republican leaders have put US Treasury on its toes. Discussions on the US borrowing cap limit raise were productive this weekend as associated parties agreed that $31.4 trillion debt ceiling will be raised for two years but non-defense spending should match last year’s spending budget.
data . The street was anticipating an expansion by 0.2% while previously it expanded by 0.4%. A decline in households’ demand is expected to strengthen the odds of a neutral interest rate policy stance by the Reserve Bank of Australia for June’s monetary policy meeting. Higher interest
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