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18 Mar 2015
AUD/USD erases losses
FXStreet (Córdoba) - A decline of the US dollar across the board boosted the AUD/USD</a> pair, that rose back above 0.7600, erasing daily losses.
AUD/USD recovers from 6-day lows
During the European session the pair bottomed at 0.7590 reaching the lowest level since March 12. Then rebounded but during several hours held below 0.7600. Recently broke above and climbed to 0.7628, approaching daily highs that lie at 0.7630.
Currently trades at 0.7615, around the same level it closed yesterday. Despite the recovery continues to move with a modest bearish bias in the short term, but the FOMC statement and Janet Yellen press conference is likely to create sharp price action moves in currency market.
Despite rising against the US dollar, the aussie is with the pound the worst performer among majors so far on Wednesday. AUD/NZD dropped below 1.0400 while AUD/JPY decline to test 92.00.
AUD/USD recovers from 6-day lows
During the European session the pair bottomed at 0.7590 reaching the lowest level since March 12. Then rebounded but during several hours held below 0.7600. Recently broke above and climbed to 0.7628, approaching daily highs that lie at 0.7630.
Currently trades at 0.7615, around the same level it closed yesterday. Despite the recovery continues to move with a modest bearish bias in the short term, but the FOMC statement and Janet Yellen press conference is likely to create sharp price action moves in currency market.
Despite rising against the US dollar, the aussie is with the pound the worst performer among majors so far on Wednesday. AUD/NZD dropped below 1.0400 while AUD/JPY decline to test 92.00.