AUD/USD presses against weekly resistance, bearish for the open, RBA in focus By ross_burland AUDUSD Technical Analysis
d Federal Reserve interest rate hike expectations. At 0.7499, AUD/USD closed Friday a touch in the green, +0.21%, within the day's range of 0.7472 and 0.7524. However, for the week, the pair lost 1.11%.
''Williams, in response to questions at a symposium about whether the Fed needed to hasten its return to a neutral policy rate that neither encourages or discourages spending, noted that in 2019 with rates set near the neutral level 'the economic expansion started to slow,' and the Fed resorted to rate cuts.''
This week will offer the minutes of the last meeting. ''The FOMC pull no hawkish punches in its policy guidance, with Chair Powell also hinting further information about QT plans will be provided in the minutes ,'' analysts at TD Securities said. ''We continue to expect an official QT announcement at the May FOMC meeting.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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