The Federal Reserve projected another rate increase by year-end. The Fed expects rates to decrease by only half a percentage point in 2024. Powell expressed confidence that the Fed’s aggressive rate hikes would likely not lead to an economic downturn. Today’s AUD/USD outlook is bearish as the Aussie extended losses amid a rising dollar. The…
The post AUD/USD Outlook: Fed’s Hawkish Turn Keeps USD on the Rise appeared first on Forex Crunch.
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