AUD/USD climbs back above 0.6600 on soft US Dollar, RBA’s Lowe remarks – by christianborjon AUDUSD Majors Macroeconomics RBA Fed
sentiment. Factors like Federal Reserve officials’ hawkish commentary and China’s Covid-19 outbreak were not an excuse for the AUD to rise against the US Dollar . At the time of writing, the AUD/USD is trading at 0.6629.Wall Street is opening in the green. On Monday, a slew of US central bank policymakers. San FranciscoPresident Mary Daly said she’s worried about overtightening, and she foresees rates initially at 5%, and from there, rates could go higher, depending on data.
Aside from this, China’s Covid-19 outbreak is grabbing the headlines after the disease caused three deaths in the last three days. Beijing increased restrictions, and arrivals had to take three PCR tests within the first three days. Some schools switched to online learning, while some districts in Beijing asked citizens to stay at home for at least five days.
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