AUD/USD extends gains for the third consecutive day, trading higher around 0.6460 during the European session on Wednesday. The pair is experiencing u
by the US Federal Reserve .
The decision to maintain the status quo was primarily influenced by the observation that recent economic data did not bring about significant alterations to the economic outlook. Furthermore, the Vice Chairman of China's National Development and Reform Commission , a key state planner stated on Wednesday that "the economy faces a lot of difficulties and challenges."
US Dollar Index , which measures the performance of the US Dollar against the six other major currencies, trades lower near 105.10 at the time of writing. Traders anticipate that the Fed will maintain its current interest rates, shifting their attention to the further guidance provided by the central bank.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/USD consolidates near two-week high, around mid-0.6400s ahead of FOMC decisionThe AUD/USD pair struggles to gain any meaningful traction during the Asian session on Wednesday and remains below a two-week high, around the 0.6470-
Read more »
AUD/USD Forecast: Mixed signals, potential for gains while above 0.6410The AUD/USD reached a four-day low at 0.6416 and then rebounded, erasing losses and rising above 0.6430 on a quiet day as market participants prepare
Read more »
AUD/USD sticks to modest gains above mid-0.6400s, Fed rate decision eyedThe AUD/USD pair edges higher during the early Asian session on Wednesday. Market players await the highly-anticipated the Federal Reserve (Fed) monet
Read more »
Asia Day Ahead: Calm before the storm, as STI remains in range, AUD/USD strugglesMajor US indices gave back all of last week’s gains on Friday, while the Straits Times Index steadied. Volatility was triggered by the triple witching day with the VIX rising 7.6%.
Read more »
AUD/USD rebounds as investors eye Fed’s decision, as Chinese data boosts the AussieThe Australian Dollar (AUD) recovers some ground against the US Dollar (USD) as investors brace for a busy week in the central bank space, as the US F
Read more »
AUD/USD consolidates in a tight range below 0.6450 ahead of the RBA Meeting MinutesThe AUD/USD pair consolidates in a tight range below the mid-0.6400s during the early Asian session on Tuesday. Markets turn cautious ahead of the Res
Read more »