AUD/USD justifies risk barometer status to drop towards 0.6650 amid sour sentiment – by anilpanchal7 AUDUSD RiskAppetite GDP Fed YieldCurve
AUD/USD takes offers to refresh intraday low, reverses week-start bounce from the lowest levels in fortnight.
AUD/USD renews its intraday low near 0.6680 amid sour sentiment during early Tuesday. In doing so, theWhile watching over the risk catalysts, escalated indecision among the US policymakers amid the looming debt ceiling expiration in June weighs on the market sentiment of late. On the same line is the trader’s preparation for the US Federal Reserve’s one last rate hike, worth 0.25%, in May before signaling the policy pivot.
On the other hand, CME’s FedWatch Tool hints at an almost 90% probability of the US central bank’s 0.25% rate lift in May. However, concerns surrounding a policy pivot and rate cuts in 2023 seem to keep traders on their toes.
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