AUD/USD licks its wounds above 0.6700 as key PMI data, Aussie Q4 GDP loom – by anilpanchal7 AUDUSD RiskAppetite GDP PMI Fed
ry following a two-week downtrend. In doing so, the Aussie pair traders seem to brace for this week’s key data amid a lack of major directives. However, the hawkish Fed concerns and strong US data keeps the bears hopeful even as the Reserve Bank of Australia officials signalled more rate hikes ahead., as well as Deputy Governor Guy Bullock, signalled further rate lifts are on the table.
It’s woth mentioning that US Treasury Secretary Janet Yellen also highlighted the US inflation concerns on the sideline of the Group of 20 meetings and backed the US Dollar bulls. In the last week, China released its 12-point peace plan on the Ukraine-Russia war but failed to gain accolades due to its ties with Russia. Following that, Germany’s Finance Minister Christian Lindner said on the sidelines of the G20 finance ministers and central bank governors' meeting on Friday that there cannot be any business as usual with Russia as long as this war continues.
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