- The Australian Dollar receives support from hawkish comments from RBA Governor Michele Bullock.
- The AUD may struggle as the United States may introduce further AI chip sanctions against China on Monday.
- US bonds appreciate as US President-elect Donald Trump selected the fund manager Scott Bessent as the US Treasury secretary.
The Australian Dollar (AUD) extends its winning streak for the third successive session on Friday following the hawkish comments from Reserve Bank of Australia (RBA) Governor Michele Bullock. However, the AUD/USD pair may face downward pressure as the United States (US) is set to unveil additional measures on Monday aimed at curbing China’s ability to advance in artificial intelligence technology.
ANZ has revised its expectations, now forecasting the Reserve Bank of Australia (RBA) to cut interest rates in May instead of February, following a new warning about inflation remaining…
