EncoreFX’s daily market updates are written by our experienced and professional dealing team.
Author: Dennis Li
As expected the US Fed raised its interest rates by 25 basis points the third time this year. The Aussie rallied by 0.85% hitting it a new month high of 0.7314 against the USD before quickly giving up its gains and retreating back to its now comfortable 0.7250/60 zone. Meanwhile it finished around 0.30% higher against both the sterling and the euro.
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