The AUD/USD pair extends recovery around 0.6525 during the early Asian session on Thursday.
AUD/USD gains ground near 0.6525 inThursday’searly Asian session. The Fed kept its benchmark rate in a targeted range between 5.25%-5.50%, as widely expected. The recentAustralia’sMarch retail sales dampened speculation that theRBA’snext move in interest rates might be up. The Federal Reserve held its interest rates steady at 5.25–5.50% at its meeting on Wednesday, citing a“lack of further progress”in getting inflation back down to its 2% target.
2 in April fromMarch'sexpansionary readingof50.3. Meanwhile, ADP Employment Change showed an increase of 192,000 jobs in April from the upwardly revised March figure of 208,000, beating the 175,000 expected. Finally, the JOLTS Job Openings dropped to 8.488 million in March from 8.813 million in the previous reading, marking the lowestlevel ofjob openings reported. On the Aussie front,Australia’sMarch retail sales were weaker than expected, dropping by 0.
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