AUD/USD eyes 0.6800 mark ahead of US CPI, upside potential seems limited – by HareshMenghani AUDUSD RiskAppetite Fed Inflation Currencies
ednesday. The uptick extended through the European session and lifted spot prices to a two-day high, around the 0.6785 region in the last hour.
Growing worries about a possible global recession should keep a lid on any optimistic move. Apart from this, expectations that the Fed would hike interestat a faster pace to curb soaring inflation should continue to act as a tailwind for the safe-haven USD and cap the upside for the AUD/USD pair.
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