AUD/USD advanced only to meet supply in commodities sector - FXStreet
|Valeria Bednarik, chief analyst at FXStreet noted that the AUD/USD pair advanced up to 0.7541 this Thursday, as demand for higher yielding assets re-surged after the FOMC.
Key Quotes:
"But the commodity related currency retreated to end the day around the 0.7500 figure, as oil and gold prices edged lower."
"During the upcoming Asian session, Australia will release its PPI Q2 data, which could give further clues on what's next from the RBA. Given that the early advance remained contained within the early weekly range, chances of a steeper recovery are still low."
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