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Sep 17, 2014
AUD/USD falls to 6-month lows after FOMC
FXStreet (Córdoba) - US dollar soared across the board following the FOMC statements and pushed AUD/USD to 0.8975, reaching a fresh 6-month lows. Currently is moving off session lows, trading around 0.9000 as traders await Yellen’s words.
From today’s opening price the pair is falling a hundred pips, having so far the worst day in week but as Greenback pulls back in the market, the trend for the next minutes is not clear.
The FOMC cut the QE program by another $10 billion to $15 billion and left rates unchanged as widely expected. Expectations about a rate hike sooner that expected rose after FED statements and projections, favoring dollar bulls.
From today’s opening price the pair is falling a hundred pips, having so far the worst day in week but as Greenback pulls back in the market, the trend for the next minutes is not clear.
The FOMC cut the QE program by another $10 billion to $15 billion and left rates unchanged as widely expected. Expectations about a rate hike sooner that expected rose after FED statements and projections, favoring dollar bulls.