Aud usd

Of all the major currencies, the Australian dollar is perhaps the most sensitive to trends in global trade. The country’s commodity-centric economy and close ties with China mean that any slowdown in international business may be seen Down Under first.

This morning’s US session started much in the same way as some of the previous days this week: with US stock indices opening deeply in the red. After a bounce back yesterday, risk sentiment was hurt by disappointing earnings reports from tech giants Amazon and Alphabet, and by 11:00 ET (15:00 GMT), the widely-watched Dow Jones Industrial Average was...

As my colleague Fawad Razaqzada noted earlier today, the US dollar has caught a bid today after traders reevaluated yesterday’s FOMC meeting and deemed it moderately hawkish.