AUD/USD rebounds sharply after FED

FXStreet (Córdoba) - The AUD/USD rose more than 40 pips after the release of the FOMC statement. Initially the pair fell to 0.9302 hitting a fresh 7-week low. Price rebounded around 0.9300 and jumped to 0.9354, erasing part of daily losses.

Currently the AUD/USD is hovering around 0.9350, 30 pips below today’s opening price but far from the lows.

Greenback is trimming gains across the board following the decision of the Federal Reserve, that as expected kept rates unchanged and announced another cut in the purchase programme by $10B.