- AUD/USD turns south and after touching the daily high or 0.6524.
- FOMC Chairman Powell’s remarks allow the USD to gather his forces.
- US Dollar index rebounds, up to a maximum of 100 during the American session.
The pair AUD/USD rose to a daily high, or 0.6524 during the European trading hours, but it has lost some of its traction as the dollar began to gather his forces against his rivals. As of writing, the pair was virtually unchanged on the day at 0.6470.
DXY recovers to 100
Commenting on the outlook, the FOMC is the President, secretary Powell has said, ” the Fed there is no question of negative interest rates, and noted that all the politicians were against them. Powell further noted that the evidence of negative rates had been “very mixed.” The first reaction of the market, has triggered a new USD buying wave, and lifted the The US Dollar The Index (DXY) – 100, area.
During this time, the only data revealed to US that the annual report database The Consumer Price Index (PPI) decreased 0.6% in April, from 1.4% in March, but it has largely been rejected by market participants.
The evaluation of Powell’s comment, “Barry is not a warm-up to a negative rate, as he said that,” the bank’s view has not changed and that all the members said that it was an attraction tool,” he says. FXStreet business analyst Yohai Elam. “Who is willing to keep the shares under pressure and the dollar is on the rise.”
In the first trading hours of the Asian session on Thursday, investors will be attention to Australia’s jobs report. Experts believe that the Unemployment Rate in the April-to-jump-to 8.3% from 5.2%. A higher-than-expected reading could weigh on the AUD, and to force the pair to push lower.