The Australian Dollar thanks Waller's comments, which sink the USD
- AUD/USD hits 0.7200 as Waller trims Fed hike bets.
- ISM price pressures and Oil gains keep inflation risks alive.
- NFP and jobless rate could reset September Fed expectations.
The Australian Dollar rises against the US Dollar on Thursday as Fed Governor Waller turns moderately dovish ahead of the September meeting, even as Oil prices rise due to a resumption of hostilities in the Middle East. The AUD/USD trades at 0.7200, up 0.44%.
AUD/USD rises as Fed hike bets ease despite stronger services inflation
Sentiment remains upbeat as attacks around the Strait of Hormuz persist. The Greenback’s sell-off continued, spurred by a rate check from Tokyo, which sent USD/JPY tumbling, dragging the US Dollar Index (DXY) with it. The DXY, which tracks the performance of a basket of six currencies against the US Dollar, is down 0.58% at 99.00.
https://www.fxstreet.com/news/the-australian-dollar-thanks-wallers-comments-which-sink-the-usd-202609032243
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