Enter your emailThe pair will likely resume the bullish trend ahead of the FOMC minutes. Timeline: 1 day.The AUD/USD pair pulled back during the American and Australian sessions after the hawkish statements from the Fed andAfter rising to a multi-month high of 0.7655 on Tuesday, the pair declined to a low of 0.7570.The Federal Reserve is set to get more aggressive, according to its incoming vice-chair.
This statement comes at a time when the bond market is sending warning signs about the economy. Last week, the yield curve inverted to its lowest level since 2007. Historically, inversion of the yield curve is usually a sign that the economy will go through a recession in the coming months. The Fed will publish its minutes later on Wednesday.
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