7 Jan 2015
AUD/USD hits 5-year low and rebounds
FXStreet (Córdoba) - AUD/USD slipped further at the beginning of trading in Wall Street and hit a fresh 5-year low at 0.8032. Afterwards the pair rebounded and currently trades around 0.8050 ahead of the FOMC minutes, 30 pips below yesterday's closing price.
Greenback strengthened across the board amid US economic data but lost momentum during the last hours as traders await the FED document that will be published at 19:00 GMT.
The aussie is so far the worst performer among commodity currencies on Wednesday. Against the kiwi reached a fresh record low as the AUD/NZD dropped below 1.0380.
Greenback strengthened across the board amid US economic data but lost momentum during the last hours as traders await the FED document that will be published at 19:00 GMT.
The aussie is so far the worst performer among commodity currencies on Wednesday. Against the kiwi reached a fresh record low as the AUD/NZD dropped below 1.0380.