AUDUSD: More economic data steady dollar, focus on Fed meeting
Updated
The dollar index and dollar index futures edged lower in Asian trading but remained firm overnight after data showed U.S. business activity unexpectedly increased in November. Ten.
The statistics suggest continued resilience in the U.S. economy and give the Federal Reserve room to raise rates further. Federal Reserve Chairman Jerome Powell is expected to speak at a news conference later in the day, after repeating last week that U.S. interest rates will remain high for a long time.
Third-quarter gross domestic product (GDP) data will be released on Thursday and is expected to provide further signals for the world's largest economy. A strong economy gives the Fed more leeway to keep interest rates high.
Note
AUDUSD SELL 0.6340- 0.6350🟢TP: 0.6320
🔴SL: 0.6370
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