Aussie climbs to $0.76 ahead of Fed's policy decisions

2018-06-13 15:01:13 GMT (Economies.com)
Aussie climbs to $0.76 ahead of Fed's policy decisions

Australian dollar rebounded from 1-1/5 week lows versus US dollar, brushing with 0.7600 at the open of the American session. 

 

Traders are buying up the AUD/USD pair on short-covering after sustaining recent losses, buoying the pair to around 0.7553 throughout the day. 

 

US producer prices rose past forecasts in May at 3.1% y/y, and up 0.5% on a monthly basis, beating forecasts of 0.3%. 

 

All eyes are fixed on the Federal Reserve's policy meeting, after markets already priced in another rate hike this year to below 2%. 

 

It's to be seen whether Aussie will carry the current momentum or will buckle versus the dollar amid US policy tightening. 

 
 
 
  Symbol Last Change Chg.%
1.1459
-0.0063
0.5442%
1.2981
-0.0091
0.6950%
14.703
0.070
0.478%
68.975
-0.305
0.441%
79.32
-0.50
0.63%
1231.895
5.190
0.423%
 
 
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