AUD/USD Price Analysis: Bulls at the ready for a test of 0.7020 AUDUSD Technical Analysis
who spoke on Tuesday and doubled down on statements last week that disinflation has started. He was however arguing that stronger data could lead to a higher terminal rate than what the market is currently pricing.
Nonetheless, the markets were released that there was nothing uber dovish in his comments following a blockbusteroutcome from Friday's data. Subsequently, the stock market rallied and the high beta currencies, such as the Aussie, benefitted as Powell expects declines in inflation this year.
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