The Federal Reserve is expected to grow rates for the first time in 2016
The Aussie stand its ground against the Greenback on Wednesday, while the Kiwi in New Zealand went higher. Investors are waiting for the Federal Reserve decision later in the meeting today.
The AUD/USD pair was little changed in the session today, at 0.7496, falling from its one-month high of 0.7523.
The Federal Reserve is expected to grow rates for the first time in 2016 in the Wednesday meeting.
The U.S. central bank is to make a formal public statement on updated economic forecasts. Markets are interested in signs of inflation and some clues on rate hikes for the year of 2017.
Investors were circumspect on the idea that the Federal Reserve might have a cautious emphasis on the outlook for policy narrowing in 2017.
As higher rates make the American dollar higher by making the currency attractive to investors interested in yields, the NZD/USD pair went up 0.21%. The pair traded at 0.7219, not too far from Tuesday's peak of 0.7232.
The U.S. dollar index traded at 100.90, going down 0.19%.
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On Wednesday, Federal Reserve Chair Janet Yellen spoke about the interest rates and about the United States' economy
The gold prices dropped below $1.200
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