{"id":70313,"date":"2022-08-17T19:42:19","date_gmt":"2022-08-17T15:42:19","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=70313"},"modified":"2022-08-17T22:01:50","modified_gmt":"2022-08-17T18:01:50","slug":"aud-usd-retreats-on-positive-us-retail-sales-ahead-of-fomc-minutes","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/aud-usd-retreats-on-positive-us-retail-sales-ahead-of-fomc-minutes\/08\/17\/market-updates\/","title":{"rendered":"AUD\/USD retreats ahead of FOMC Minutes"},"content":{"rendered":"\n<p>The AUD\/USD pair slides more than 1.40% on Wednesday due to cooler-than-expected Australia\u2019s Wage Price Index (WPI). Risk aversion keeps investors rushing towards safe-haven assets, bolstering the US dollar.<br><br>AUD\/USD is currently below the 20\/50-day EMA, on a risk-off impulse spurred by recession fears lingering on investors\u2019 minds, while US Retail Sales crushed expectations on a yearly basis, ahead of the release of July\u2019s FOMC monetary policy minutes. At the time of writing, the AUD\/USD is trading at 0.6915.<br><br>Global stocks do reflect a deterioration in market sentiment. A report by the US Department of Commerce revealed that Retail Sales on a monthly basis for July finished flat at 0%, missing estimates of 0.1%, undermined by declines in auto purchases and gas prices. Compared to one year before, sales rose by 10.3%, higher than the 8.3% estimates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The AUD\/USD pair slides more than 1.40% on Wednesday due to cooler-than-expected Australia\u2019s Wage Price Index (WPI). Risk aversion keeps investors rushing towards safe-haven assets, bolstering the US dollar.AUD\/USD is currently below the 20\/50-day EMA, on a risk-off impulse spurred by recession fears lingering on investors\u2019 minds, while US Retail Sales crushed expectations on a &hellip;<\/p>\n","protected":false},"author":13,"featured_media":32839,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7063,7770],"class_list":["post-70313","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-aud-usd","tag-fomc-minutes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=70313"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70313\/revisions"}],"predecessor-version":[{"id":70320,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70313\/revisions\/70320"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32839"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=70313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=70313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=70313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}