AUD/USD Falls as Hawkish Powell Comments Boost Dollar, RBA Uncertainty Weighs
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AUD/USD tumbled after hawkish comments from Fed Chair Powell boosted the US Dollar.
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The Aussie failed to capitalize on a bullish rebound as RBA policy outlook grows uncertain.
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Powell said the Fed may not have reached a restrictive enough policy stance on inflation.
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AUD/USD broke below its 200-hour SMA, now eyeing support around 0.6350.
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RBA rate decision ahead on Friday could bring more volatility for AUD/USD.