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Forex: AUD/USD falls below the 1.0500 mark after minutes

By FXstreet.com,  January 03, 2013, 02:31:00 PM EDT

FXstreet.com (San Francisco) - The Aussie has fallen below the 1.0500 level following the release of the FOMC minutes. The AUD/USD declined around 40 pips from 1.0510 to reach intra-day low at 1.0470.

Currently the pair is pricing at 1.0475, 0.25% below opening price action.

Market was shocked by the release as according to the minutes, several FOMC members thought would be appropriate to slow or stop asset buys well before 2013 end.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



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