AUD/USD retreats towards 0.6800 on Australia Treasurer Chalmers’ fears, China/Aussie data, RBA Minutes eyed – by anilpanchal7 AUDUSD RBA RiskAversion Fed China
doing so, the Aussie pair stays defensive after reversing from a one-month high, as well as posting the biggest weekly gain since November 2022.
Australia Treasurer Chalmers appeared for an interview with the local media during the weekend where he backed the Reserve Bank of Australia’s downbeat economic forecasts. In doing so, the policymaker conveyed his expectations of witnessing a sharp economic slowdown, easing inflation and a pick-up in the.
Amid these plays, equities has a good week and yields drowned, which in turn weighed on the US Dollar Index and propelled the AUD/USD price despite the latest retreat.
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