Monday, 27 January 2014

AUD edges higher ahead of US Federal Reserve policy meeting

Australian Dollar: The Australian Dollar has managed to parry Friday’s recent losses and opens slightly higher this morning against its US counterpart.

Domestic markets remained subdued yesterday as most investors enjoyed a day in lieu following Sunday’s Australia Day celebrations leaving the AUD at the mercy of offshore stimuli for direction.

Unexpectedly sales of new homes in the US declined 7% through December ending what has been the strongest performing year since the 2008 sub-prime

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