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Feb 17 - 06:55 AM

AUD/USD - Falls To Six-Week Low On Fed Hike Expectations

By Rob Howard  —  Feb 17 - 04:55 AM
  • AUD/USD falls to 0.6822 as growing risk Fed rates heading to 5.5% buoys USD

  • 0.6822 is lowest level since Jan 6 (0.6722 was low that day)

  • Goldman Sachs expects Fed to raise rates by 25 bps in March, May and June

  • Mester and Bullard: Fed likely should have raised rates by 50 bps on Feb 1

  • Minutes from Jan 31-Feb 1 FOMC meeting to be published next week (Feb 22)

  • RBA's Lowe says more rate rises needed to tame inflation nL1N34W33B

Source:
Refinitiv IFR Research/Market Commentary

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