AUD/USD update
The US Federal Reserve is meeting on Wednesday and is anticipated to raise rates by 75 basis points (bp) according to a Bloomberg survey of economists. There has been speculation of a 100 bp tightening but the market has this priced as only a slim possibility.
This rate disparity may put AUD/USD under pressure, particularly if forward guidance from the Fed is more hawkish than they have already been.
This rate disparity may put AUD/USD under pressure, particularly if forward guidance from the Fed is more hawkish than they have already been.
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