Australian Dollar falls amid cautious Fedspeak
The post Australian Dollar falls amid cautious Fedspeak appeared on BitcoinEthereumNews.com. AUD/USD declines toward 0.6940 as the Australian Dollar (AUD) loses momentum, while the US Dollar (USD) remains supported by cautious remarks from the Federal Reserve (Fed) and lingering uncertainty over inflation. The latest United States (US) labor data showed that the ADP Employment Change 4-week average eased to 21K from 24.25K, pointing to a softer pace of private hiring. The figure suggests that labor market momentum is cooling, which could normally weigh on the Greenback. However, the USD held firm as investors remained cautious ahead of more important US data and continued to price in a data-dependent Fed stance. New York Fed President John Williams said the US economy is showing steady trend-like growth and that the job market remains stable. However, he warned that inflation is still quite high, keeping pressure on the Fed to maintain a restrictive policy stance. Williams added that m