AUDUSD accelerates above 0.6660 ahead of PBOC monetary policy – by Sagar_Dua24 AUDUSD PBOC Fed ApparelDurables Inflation
Rising Covid-19 cases and vulnerable real estate demand could compel the PBOC to an expansionary policy.
Fed Bostic sees termination of the 75 bps rate hike regime and space for a mere 100 bps escalation ahead.pair has advanced after sensing support of around 0.6660 in the early Asian session. Earlier, the asset struggled as investors were having anxiety ahead of the interest rate decision by the People’s Bank of China .
The risk impulse is quiet as potential triggers for a decisive action are absent from the market. Meanwhile, is facing temporary barricades around 107.00 as investors have shifted their focus toward the release of the US Durable Goods Orders data.could face some struggle after a rebound as Atlanta Federal Reserve President Raphael Bostic see the termination of the 75 basis points rate hike regime from now.
Fed policymaker on Saturday cited that he is ready to "move away" from three-quarter-point rate hikes at the Fed's December meeting, reported Reuters. He further added that Fed's target policy rate will add no more than another percentage point to tackle inflation.
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