AUDUSD stumbles below 0.6700 on risk-off impulse, broad US Dollar strength – by christianborjon AUDUSD Majors Macroeconomics Technical Analysis
is trading at 0.6688, below its opening price by almost 1%, after hitting a daily high of 0.6751.President James Bullard commented that monetary policy is not “sufficiently restrictive,” adding that rates need to rise higher, within the 5% to 7% area, which spooked investors. Of late, the Cleveland Fed President Loretta Mester echoed his comments, saying that inflation is too high.from the United States was revealed on Thursday. Housing Starts for October shrank more than September’s 1.
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