By Rob Howard — Mar 08 - 06:05 AM
0.6608 is AUD/USD high water-mark since its drop to 0.6568 on hawkish Powell
Powell sets the table for higher and possibly faster Fed rate hikes
0.6568 was lowest level since Nov 10 (0.6647 was Tuesday's pre-Powell low)
Modest lift from 0.6568 aided by some profit-taking on short positions
Tuesday's high was 0.6748 -- before AUD slid on RBA's dovish 25 bps hike
See: nL1N35F08Y. Lowe says RBA closer to pausing on rate hikes
Source:
Refinitiv IFR Research/Market Commentary