AUD/USD bulls approach 0.6700 as RBA’s Lowe sounds hawkish, Australia GDP eyed

AUD/USD bulls approach 0.6700 as RBA’s Lowe sounds hawkish, Australia GDP eyed – by anilpanchal7 AUDUSD RBA China GDP Fed

RBA’s Lowe backs 0.25% surprise rate hike by citing inflation fears, hints at more rate increase if needed.Mixed Fed clues, previously downbeat data and pre-FOMC blackout prod US Dollar buyers., as well as the RBA’s surprise rate lift, as it grinds higher past 0.6650 during Wednesday’s Asian session.

It’s worth noting that Australian Treasurer Jim Chalmers also backed the RBA’s surprise rate hike announcement at a press conference on Tuesday by saying, “It is ‘not our expectation the economy will head into recession.’”

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