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Forex: AUD/USD weakens further after Fed's minutes

The AUD/USD was heavily sold off as the greenback strengthened broadly in the wake of the latest FOMC minutes, which showed that the Federal Reserve might consider QE changes during next meeting.

AUD/USD broke below the 1.0270 support level and fell towards its lowest in over a week at 1.0237. At time of writing, AUD/USD is trading around 1.0245 recording a 1.0% decline on the day.

Immediate support is now seen at 1.0220 ahead of the 1.0200 hurdle, while 1.0270 and 1.0300 should now offer resistance in case of bounces.

Forex: USD/CHF jumps above 0.9275

The USD/CHF has reacted up following the FOMC minutes with the pair rising around 50 pips in the latest hour from 0.9230 to break above the 0.9250 level and reach highest price since January 28 at 0.9285.
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Forex: EUR/USD hits fresh 1-month low

As the US dollar strengthened broadly in the wake of the latest FOMC minutes, which showed rising unease about its QE program, the EUR/USD was dragged below the 1.3300 mark and hit its lowest level in a month.
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