AUDUSD: Fundamental Update

Hello Investors !! The Dollar was down on Monday morning as economic outlook remains uncertain. The AUDUSD pair gained 0.72% to 0.6955 with Fed Chair set to testify to the senate and the house on Wednesday and Thursday. The FED vowed last week that it’s commitment to tame inflation was unconditional while FED Governor Christopher Waller said on Saturday that he would support another hike of 75bps in July.

US President Joe Biden said on Saturday that he was considering lifting some tariffs on China and a possible pause on the Federal Gas tax to fight inflation.

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