The AUD/USD backslid on Thursday after a bullish rebound failed to materialize, with Aussie (AUD) bulls getting pushed away from the table by US Dollar (USD) flows that saw the Greenback rise after Federal Reserve (Fed) Chairman Jerome Powell delivered hawkish comments that caught the market off-guard.
The AUD/USD accelerated intraday losses on Thursday. RBA 's Monetary Policy Statement due early in the Friday session. Hawkish comments from Fed Chairman Powell driving US Dollar flows. The AUD/USD backslid on Thursday after a bullish rebound failed to materialize, with Aussie bulls getting pushed away from the table by US Dollar flows that saw the Greenback rise after Federal Reserve Chairman Jerome Powell delivered hawkish comments that caught the market off-guard.
Markets have broadly overloaded on their bets that the Fed has reached the end of its tightening cycle, and investors will have to grapple with a US central bank leaning heavier than most expected. Fed’s Powell: We are not confident we are at a sufficiently restrictive stance AUD/USD Technical Outlook The Aussie's bull run from last week looks truly over as the AUD/USD pares back all gains and sends the Greenback back on top.
AUD/USD RBA Monetary Policy Statement US Dollar Fed Chairman Powell Hawkish Comments
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