The pair opened at $0.8959 today, after last night’s US dollar-inspired drop to a $0.8951 low, its worst since March 12. Aussie-dollar continued with a heavy tone as the Asia-Pacific session began, still weighed down by the US dollar’s buoyant tone following last night’s FOMC decision and comments from Fed chair Janet Yellen. Aussie-dollar traded a low of $0.8939 this morning, before rebounding as the dollar began to pare back most of its gains. That helped aussie-dollar bounce to an initial high of $0.8968 before it then held near there, keeping in a $0.8955/67 range. Gains resumed after that, with aussie-dollar climbing to a high $0.8975 in the afternoon. It was last at $0.8961 with small stops now noted above $0.9020 as traders who sold the break of Monday’s lows having stops above that but more substantial stops are noted above $0.9120.
