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Commodity currencies lead the way ahead of FOMC. AUD/USD hits highest since Feb

Commodity currencies lead the way ahead of FOMC. AUD/USD hits highest since Feb
The Australian and New Zealand dollars are running away with the idea of a longer potential Fed pause, just hours before the latest decision. NZD/USD is up 1.0% and AUD/USD up 0.75% as the pairs rally following softer US producer prices.There may be also something of a pivot towards Asian-levered assets with China lowering rates this week and poised to do more on Thursday (and again next week). That could help explain why CAD is trailing its commodity counterparts even with oil up 1.1% today.Tec... Read More
Posted: Jun 14 2023, 13:41
Author Name: forexlive
Views: 112572

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