AUD/USD whipsaws 20 pips above 0.6600 on easy Australia inflation, US Durable Goods Orders eyed

Also read:Apart from the mostly downbeat Aussie inflation data, the latest fears emanating from the First Republic Bank and the US debt ceiling discussion also weigh on the AUD/USD prices.

On Tuesday, the FRB’s disappointing earnings reports joined the executives’ resistance in taking questions and no earnings guidance to trigger a fresh wave of banking jitters. Even so, the major central banks tried to restore market confidence by curtailing the US Dollar operations initiated during the first wave of the banking crisis. “The world's top central banks are cutting the frequency of their dollar liquidity operations with the U.S.

Furthermore, US Treasury Secretary Janet Yellen warned that failure by Congress to raise the government's debt ceiling–and the resulting default–would trigger an "economic catastrophe" that would send interest rates higher for years to come, per Reuters. It should be noted that the mostly upbeat US data also keep the AUD/USD pair sellers hopeful, especially amid the Reserve Bank of Australia’s dovish bias. On Tuesday, US Conference Board's Consumer Confidence Index edged lower to 101.3 for April, versus 104.0 prior. Additional details of the publication stated that the Present Situation Index ticked up to 151.1 during the said month from 148.9 prior whereas the Consumer Expectations Index dropped to 68.1 from 74 previous readings.

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