AUDUSD Uptrend Development? | Market outlook
The development of the uptrend in AUD/USD is due to yesterday's comments from the US Federal Reserve, which negatively affected the quotes of USD.
Yesterday, the American regulator kept the interest rate at 0.25% and, although representatives of the department admitted that inflation is outside the norm, they said that no serious decisions on monetary policy should be expected in the near future. Investors reacted negatively to the statements of the US Fed, and by the close of trading the USD Index dropped to 92.28.
Meanwhile, AUD/USD still maintains a long-term downtrend, towards which an upward correction is now developing.
Yesterday, the American regulator kept the interest rate at 0.25% and, although representatives of the department admitted that inflation is outside the norm, they said that no serious decisions on monetary policy should be expected in the near future. Investors reacted negatively to the statements of the US Fed, and by the close of trading the USD Index dropped to 92.28.
Meanwhile, AUD/USD still maintains a long-term downtrend, towards which an upward correction is now developing.
