Weaker risk sentiment pulls the AUD to its lowest levels since January
AUD/USD continues to move within the downward channel.
Will the FOMC meeting push the USD?
The Federal open market committee will release the monetary policy statement and announce the official rate on May 1, at 21:00 MT time.
We don’t expect any changes to the current interest rate this time. However, the Federal Reserve may provide some hints on the further path of its monetary policy. The recent comments by the FOMC members showed that the bank would stick to its patient tone for the foreseeable future. If Mr. Powell surprises the market with more optimistic comments, the USD will rise.
• If the FOMC is hawkish, the US dollar will go up;
• If the FOMC is dovish, the US dollar will go down.
Similar
Evergreen buck goes up
On Wednesday, the evergreen buck jumped, backed by comments from senior Fed officials playing down the probability of interest rate cuts, and also by a fresh round of safe-haven buying on geopolitical tensions…
Chinese Yuan is intact
On Wednesday, the Chinese yuan and the evergreen buck were nearly intact in Asia because market participants waited for further news on the China-US trade front…
Latest news
Weekly CryptoNews
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
Most Asian stocks post strong revenues with Nikkei rising more than 2%
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan real wages surge is slowest in almost two years
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Deposit with your local payment systems
