- AUD/USD bulls come up to meet resistance near 0.6700.
- Fed and RBA bets are driving AUD back and forth amid uncertainty.
AUD/USD is a touch higher by some 0.2% on Tuesday after rising from a low of 0.6631 and reaching a high of 0.6696 at the start of the New York session. Bulls are in play despite softer Aussie data and the subsequent heightened dovish speculation with regard to the Reserve Bank of Australia. Instead, risk sentiment has improved, (AUD proxy) as Federal Reserve odds have moved in favor of a slower path of rate hikes amid the banking sector troubles.
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