AUD/USD May Rebound as Chinese Lockdowns Ease Ahead of FOMC, BoJ
The Australian Dollar may rebound against the US Dollar this week as lockdowns in China ease, but the upcoming FOMC rate decision will likely dictate broader risk trends.
The Australian Dollar may rebound against the US Dollar this week as lockdowns in China ease, but the upcoming FOMC rate decision will likely dictate broader risk trends.
The Federal Reserve interest rate decision may keep AUD/USD under pressure as the central bank is expected to retain its current approach in combating inflation.
Rates markets see a 100% chance of a 75-bps rate hike in September.
U.S. equity indices pulled back as investors prepare for another hawkish Fed meeting tomorrow
Chief Strategist John Kicklighter and Senior Strategist Christopher Vecchio, CFA discuss the September Federal Reserve rate decision.
Global equities continue to look weak ahead of a major week for central banks. Rates markets and growth concerns remain at the forefront.
Gold prices declined on Tuesday, hurt by a stronger U.S. dollar and rising Treasury rates, amid speculation that the Fed will maintain an aggressive bias at its September FOMC meeting.
Global equity markets fell last week after a US CPI report boosted FOMC bets. A potentially volatile week lies ahead, with rate decisions from the Fed, BoJ, BoE and SNB due out.
Headline and core CPI in Canada comes in softer than expected, offering some respite to the domestic economy.
USD/JPY remains under pressure as intervention hopes dwindle with the Bank of Japan and Federal Reserve meetings threatening to push the pair higher.