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AUD/USD Outlook: Sliding to 0.7130 amid RBA’s Cautious Tone

Started by forex4you, Feb 03, 2022, 04:07 am

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Feb 03, 2022, 04:07 am
AUD/USD Outlook: Sliding to 0.7130 amid RBA's Cautious Tone

The AUD/USD remains sidelined near its weekly high despite its three-day uptrend. Government officials echoed the RBA’s statement, which says, “The end of the asset purchase program does not mean an imminent rate hike.” Sentiment deteriorates ahead of major weekly data/events; mixed Fed announcements contribute to sluggish moves. On RBA Chief Philip Lowe’s cautious optimism, … Continued


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