|11-20-2014, 05:01 PM||#1|
AUDUSD slips after Fed minutes
The Australian dollar was lower against its U.S. counterpart on Thursday, as the Federal Reserve`s most recent policy meeting minutes supported the greenback against major currencies.
The greenback was boosted after the minutes of the Fed`s October meeting indicated that the US economic recovery is strong. The Australian dollar was also negatively affected by the Chinese industrial sector data that showed a slowdown during November.
The US dollar is expected to remain supported till releasing the inflation data later today, which might not support the Australian dollar if it came negative.
AUD/USD hit 0.8567 during late Asian trade, the pair’s lowest level, while trading around 0.8610 at 11:17 GMT.
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