Fundamental Forecast for the Australian Dollar: Neutral
- Australian Dollar Lacking for Discrete Drivers After Fed Rate Hike
- Thin Liquidity in Pre-Holiday Trade May Amplify Knee-Jerk Volatility
- Find Key Turning Points for the Australian Dollar with DailyFX SSI
The Australian Dollar faced selling pressure last week as expected, with prices dropping to their lowest in a month against the greenback. The Aussie’s slump was matched by a drop in share prices as risk sentiment soured in the days following the FOMC monetary policy announcement, where Chair Yellen and company issued the first post-QE increase in the benchmark lending rate. The S&P 500 – a benchmark for global risk appetite – ended the week with the weakest close since mid-October.