the trading filters are recently negative headlines concerning the coronavirus from the US and Australia.Chair Jerome Powell’s hawkish testimony before the Senate Banking Committee couldn’t defend US dollar bulls the previous day as market players smelled uncertainty over balance sheet normalization and hopes of overcoming the Omicron wave.
On the other hand, WB’s latest economic forecasts cited coronavirus woes to cut the global GDP expectations for 2022 to 4.1% from 4.3% previous estimations. The World Bank also trimmed economic forecasts for the US and China, by 0.5% to 3.7% and by 0.3% to 5.1% in that order. It’s worth noting that Merck’s update, suggesting its covid treatment pill’s ability to tame coronavirus and all variants, placates the virus fears but the pre-data anxiety probes AUD/USD bulls.
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