Aust dollar edges down at noon


The Australian dollar rose and fell during the governor's three-hour testimony on Wednesday but ended up virtually unchanged from when he started speaking, Easy Forex senior dealer Francisco Solar said. "There was a bit of to and fro, there were some comments the market reacted to positively and others that caused a pull back," Mr Solar said. "The overall result is a steady Australian dollar — there's been no real material effect. "Now we're hovering ahead of the Federal Open Market Committee minutes on Thursday morning, Australian time. "The markets are yearning for some sort of clarity or clue as to what the Fed will do in regards to rate hikes.

Read more here: Business Spectator


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