1797 as compared to the previous day's fix of 7.1778 and 7.3055 Reuters estimate.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.The AUD/USD pair gains momentum above the 0.6400 mark during the early Asian trading hours on Thursday. The pair attracts some buyers following the FOMC pause and mixed US economic data. The pair currently trade around 0.6409, gaining 0.25% on the day. Meanwhile, the US Dollar Index faces some selling pressure near 106.67 after retreating from the weekly highs of 107.11.
The Federal Reserve has decided to pause interest rate hikes for October, the second time in a row, meeting the expectations of many at 5.25% - 5.50%. The development is a paradigm shift, relative to the past year, when the central bank aggressively tightened monetary policy in a bid to fight inflation.The DJIA crept up from flat to a gain of 0.3% following the Federal Reserve's decision to keep the fed funds rate in a range of 5.25% to 5.5%.
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