AUDUSD seesaws around seven-week high above 0.6600 after US inflation-led rally – by anilpanchal7 AUDUSD Fed Inflation RiskAppetite Currencies
pair jumped the most in 11 years on Thursday after the US Consumer Price Index pushed back hawkish expectations from the US Federal Reserve .
Following the data, Dallas Federal Reserve President Lorie Logan said that October CPI inflation data is a welcome relief while adding that may soon be appropriate to slow pace of rate increases. On the same line, Federal Reserve Bank of Philadelphia President Patrick Harker said on Thursday that the US Federal Reserve could slow the rate hike pace in the coming months, as reported by Reuters.
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