Aussie Dollar Flat as Oil Strength Lifts Greenback Before Fed
AUD/USD ended Tuesday little changed after rebounding from 0.7204, with firmer oil prices supporting the US dollar ahead of the Fed decision.
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The Australian dollar was nearly unchanged on Tuesday after recovering from a session low of 0.7204 against the US dollar. The rebound lost momentum as rising oil prices helped the US dollar strengthen, according to the US Dollar Index.
With the Federal Reserve decision looming, AUD/USD struggled to hold gains and finished the session flat. Higher energy prices supported the greenback, weighing on the Aussie's attempt to extend higher.
Short-term direction remains unclear as traders await the Fed.
Source: FXStreet Forex News