Aussie Dollar Extends Weekly Gains as Fed Pause Bets Weigh on USD
The Australian dollar finished Friday higher, adding 0.38% on the day and 0.58% for the week, as the US dollar trimmed some of its weekly advance.
AUDUSD
The Australian dollar closed Friday on a firmer footing, rising 0.38% during the session and 0.58% over the week. The move came as the US dollar gave back part of its weekly gains.
US data reinforced market expectations that the Federal Reserve will leave interest rates unchanged at its October meeting, supporting the Aussie against the greenback.
AUD/USD remained in focus as traders weighed hawkish Fed rhetoric against bets that policymakers will pause for now.
Source: FXStreet Forex News