-
AUD/USD – In Position to Close on Strong Side of Long-Term 50% Level at .7499
The Australian Dollar is trading higher late in the session on Wednesday after regaining its composure following an intraday setback. The Aussie is being primarily supported by surprisingly strong domestic inflation data. Meanwhile, the U.S. Dollar posted a mixed performance as Treasury yields fell sharply and as traders positioned themselves ahead of next week’s U.S. Federal Reserve monetary policy decision. At 19:13 GMT, the AUD/USD is trading .7517, up 0.0015 or +0.20%. Overnight data showed that Australian core inflation sped to a six-year high in September, surprising the market. The data prompted a spike in ... (full story)