AUSTRALIAN DOLLAR RESUMES GAINS AS USD WEAKENS FURTHER AFTER POWELL’S WORDS...來自Wulan Viana

26 Aug 2024, 16:00 · 閱讀量 110

AUD/USD soared on Friday after Powell’s words at the Jackson Hole Symposium.
Powell hinted that the Fed is ready to cut rates.
On the other hand, the RBA is comfortable with restrictive rates, which favors the Aussie.

AUD/USD rose by more than 1% to 0.6790 in Friday’s session, finding stability around 0.6725. This upward move comes as the US Dollar weakens following Federal Reserve (Fed) Chair Jerome Powell's speech at the Jackson Hole symposium.

Despite mixed economic signals from Australia, the Reserve Bank of Australia's (RBA) cautious stance due to high inflation continues to support the Australian Dollar.

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