AUD/USD shows inventory adjustment above 0.6700 as focus shifts to US/Australian S&P PMI AUDUSD Fed PBOC Inflation SEO
A synergic effect of further rate hikes from the Federal Reserve and tight credit conditions by US banks would weigh heavily on US inflation.
Going forward, a synergic effect of further rate hikes from the Federal Reserve and tight standards for credit disbursement by US banks would weigh heavily on US inflationary pressures. Considering the fact that the Chinese economy is well on track for economic recovery after dismantling its pandemic controls, there was no urgency of easing monetary policy further. This week, the released for the first quarter remained critically upbeat. In the first quarter, China’s growth rate remained in line with estimates at 2.2%. On an annual basis, the growth rate jumped by 4.5% vs. consensus of 4.0% and the former release of 2.9%.
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