Published: 2024-02-01T06:00:12.000Z
AUD/USD flows: Follows the post FOMC risk off sentiment
FX Analyst
-
Aussie sunk on the overnight risk off sentiment on Powell suggest March cut isn't base scenario.
After Powell suggest a March rate cut isn't base scenario for now, U.S. equities sunk. And the drop is paused in the Asia session for U.S. equities while regional equities perform individually as China Caixin Manufacturing PMI for January came in stronger at 50.8 than expectation of 50.6.
With soft sentiment and solid USD, the AUD/USD is losing 0.44% for the session to trade at 0.6538.