AUD/USD retreats towards 0.6700 amid jittery markets, Australia NAB Sentiment, RBA’s Lowe eyed – by anilpanchal7 AUDUSD Inflation RiskAversion RBA China
, European Central Bank and the Federal Reserve are all favoring higher rates for longer. The same raises the fears of economic slowdown especially when the ex-inflation numbers haven’t been too impressive and the Russia-Ukraine war takes a toll on the global economy.
St. Louis Federal Reserve President James Bullard, Richmond Fed President Thomas Barkin and Atlanta Fed President Raphael W. Bostic were the latest hawkish Fed speakers who rekindled “higher for longer” scenario for rates and favored theTalking about the geopolitics, UK’s warned Russian hackers targeting Western critical infrastructure while the US House China Committee discussed about the Taiwan invasion scenario.
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