AUD/USD justifies fresh concerns of RBA vs. Fed divergence above 0.6700, China inflation eyed – by anilpanchal7 AUDUSD RBA Fed China Inflation
hours of Friday’s Asian trading session. In doing so, the Aussie pair portrays a cautious mood ahead of inflation data from Australia’s key customer China while also cheering the latest prospects suggesting the monetary policy divergence between the Reserve Bank of Australia and the US Federal Reserve .the US Dollar Index
The same almost confirms no rate hike by the US Federal Reserve interest rate hike in the next week’s Federal Open Market Committee monetary policy meeting while also cutting the market’s bets on July rate lifts and drowns the US Dollar.
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