AUD/USD Tumbles as Fed Pauses Rate Hikes; Investors Await Powell’s Clarity on Future Policy
AUD/USD plunges after the Federal Reserve holds rates steady, emphasizing ongoing inflation risks and offering no clear timeline for cuts. Markets now focus intently on Chair Powell’s statements for clues on future policy amid rising dollar demand and caution in risk sentiment. Reporting by Anil Panchal, FXStreet.
