EncoreFX’s daily market updates are written by our experienced and professional dealing team.
Author: Dennis Li
The Aussie remains flat against the USD this morning and edged a further 0.23% lower against the EUR overnight as investors await the US Fed’s rate decision released early Thursday morning Sydney time. With a rate hike widely expected, investors will focus on the accompanying statement for signs of the Fed’s ongoing intentions on rates and their outlook for the US economy amid the intensifying global trade tensions.
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