The Federal Reserve boosted interest rates by a widely anticipated 50bps. Fed Chair Jerome Powell stated that rates were anticipated to climb over 5%. China’s economy continued to lose momentum in November as factory output slowed. Today’s AUD/USD outlook is bearish as the dollar rises in the wake of the FOMC meeting. The Federal Reserve … Continued
The post AUD/USD Outlook: Dollar Climbs in the Wake of Hawkish Fed appeared first on Forex Crunch.
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