AUD/USD surges above 0.7200 post-Fed hike, as Chair Powell rules out 75-bps increases By christianborjon AUDUSD Majors Macroeconomics Fed CentralBanks
So far, the Fed’s policy decision seems to be perceived as hawkish, as Fed money markets futures are pricing in a 77% chance of a 50-bps hike at the June meeting and a 23% chance of a 75-bps increase.
Also, the US central bank acknowledged the negative print in Q1’s GDP and said that “household spending and business fixed investment remained strong.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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