AUD/USD seesaws around 0.6965-70 as RBA’s SoMP favor recession woes, US NFP in focus – by anilpanchal7 AUDUSD Recession RBA Fed NFP
RBA downgrades economic growth forecasts, revises up inflation predictions in Monetary Policy Statement.
RBA warns that the economy will slow sharply as inflation soars, in its quarterly MPS. “Forecasts for economic growth this year were slashed by a full percentage point to 3.25%, while 2023 and 2024 were trimmed by around a quarter point to 1.75%,” said Reuters. The news also adds that the
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