Fed officials hint at rate cuts while AUD/USD breaks 0.6500 barrier
Key Points
- The Australian Dollar surged past 0.6500 against the US Doll...
The Australian Dollar just pulled off something that would make a magician jealous - it broke through the 0.6500 psychological barrier against the US Dollar faster than you can say "rate cut." The secret? Federal Reserve officials basically handed the Aussie a golden ticket by talking dovishly about the need for interest rate cuts.
When Fed Officials Play Nice, Everyone Wins (Except the Dollar)
Fed Governor Christopher Waller and San Francisco Fed President Mary Daly decided to tag-team the markets on July 18, both emphasizing that rate cuts are looking pretty reasonable given the econom...
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