AUDUSD slips after Fed minutes
The Australian dollar was lower against its U.S. counterpart on Thursday, as the Federal Reserve`s most recent policy meeting minutes supported the greenback against major currencies.
The greenback was boosted after the minutes of the Fed`s October meeting indicated that the US economic recovery is strong. The Australian dollar was also negatively affected by the Chinese industrial sector data that showed a slowdown during November.
The US dollar is expected to remain supported till releasing the inflation data later today, which might not support the Australian dollar if it came negative.
AUD/USD hit 0.8567 during late Asian trade, the pair’s lowest level, while trading around 0.8610 at 11:17 GMT.
Forex and Currency News
Forex
Euro scales 16-year peak against yen
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex
Aussie gains ground despite mixed data
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex Technical Analysis
Forex
The GBPAUD prepares to decline – Forecast today – 25-4-2024
GBPAUD Price Analysis The GBPAUD price confirmed its surrender to the domination of the bearish ...
Forex
The EURJPY achieves big gains – Forecast today – 25-4-2024
EURJPY Pair Analysis The EURJPY pair succeeded to resume the bullish attack since this morning ...
Forex
The GBPJPY resumes the rise – Forecast today – 25-4-2024
GBPJPY Pair Analysis The GBPJPY pair took advantage of the frequent positive pressures to ...