A dose of Fed reality supports the Aussie

As Federal Reserve comments rein in some of the greenback’s exuberance, technical charts show strong signs of support for the Australian dollar.

I’m not sure why the markets were surprised by the minutes from the Fed’s September meeting released last week. As I mentioned a month ago in my piece titled The US dollar is at war with the Fed, a stronger greenback threatens the economic recovery. Now that the minutes have confirmed the Fed is discussing the issue, we are seeing the market reacting by pushing back expectations around the timing of rate rises -- softening the US dollar rally.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles