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AUD/USD Price Gains Capped by 0.7250, Eying US Retails, Fed

Started by forex4you, Feb 16, 2022, 11:31 am

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Feb 16, 2022, 11:31 am
AUD/USD Price Gains Capped by 0.7250, Eying US Retails, Fed

The AUD/USD pair gains momentum on Wednesday for a second straight day, marking a weekly high. Risk-taking declined, undermining the safe-haven dollar and benefiting the riskier Aussie. It is expected that the Fed’s hawkish expectations of higher US bond yields will limit the dollar’s losses and curb the pair’s rise. Before the FOMC minutes, investors … Continued


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