- AUD / USD is rising after closing lower on Tuesday.
- The US dollar index fell below 92.50 at the start of the US session.
- The FOMC will publish the Minutes for the June meeting at 18:00 GMT.
After spending the first half of the day in a relatively tight range around 0.7500, the pair AUD/USD it gained traction in the first US session and hit a new daily high of 0.7534. At time of writing, the pair was up 0.4% on the day at 0.7528.
Investors await the FOMC Minutes
On Tuesday, AUD / USD rose sharply during Asian trading hours after the Reserve Bank of Australia (RBA) announced that it cut its weekly asset purchases to A $ 4 billion from A $ 5 billion. In the second half of the day, the renewed strength of the USD forced the pair to turn 180 degrees and close the day in negative territory.
Earlier in the day, the only data from Australia revealed that the AiG Service Performance Index dipped to 57.8 in June from 61.2 in May, but this reading was largely ignored by market participants.
Later in the session, JOLTS job vacancy data will be included on the U.S. economic agenda.More importantly, the FOMC will release the Minutes from its June meeting, which revealed a sea change in the outlook for companies. policy makers fees. Investors will look for new clues as to the timing of the downsizing.
Technical levels
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