The Australian dollar was lower today, though the losses were limited. The Aussie, as well as most other currencies, was under pressure as traders wait for conclusion of the US Federal Reserve policy meeting.
The Fed will announce its policy decision today, though no changes to the monetary policy are expected. Still, market participants hope to see hints at the timing for such changes to occur. The vast majority of speculators count on the US central bank to hike interest rates soon, and such outlook is bearish for basically all currencies with the obvious exception of the US dollar.
AUD/USD ticked down from 0.7328 to 0.7315 as of 9:34 GMT today. AUD/JPY declined from 90.59 to 90.42.
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