Stay updated with breaking news from Us Yields. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Aussie was pinned at $0.6411, having shed 1.3% for the week so far to hit a nine-month trough of $0.6365. There is little in the way of chart support until $0.6273, ahead of its 2022 low at $0.6170.
Earlier this week, the US received encouraging economic indicators. However, analysts are considering the pros and cons as Chinese growth also beat expectations.
Asked if he would have raised rates by 50 basis points last week, instead of the 25 basis points as officials did, he demurred.
Federal Reserve Chair Jerome Powell's much-anticipated speech was noncommittal on the precise timing of the Fed's bond tapering, unlike earlier remarks by several regional Fed presidents who wanted tapering to start soon
TOKYO: The International Monetary Fund offered a more upbeat view on Tuesday on Asia's economic outlook than six months ago, but warned a faster-than-expected rise in US interest rates could disrupt markets by triggering capital outflows from the region. While Asia is rebounding from last year's slump caused by the COVID-19 pandemic, there is a divergence between nations benefitting from surging global demand and those reliant on tourism, said Jonathan Ostry, deputy director of the IMF's Asia and Pacific Department. "Setbacks in the vaccine rollout, questions about the potency of the vaccine ...