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AUD/USD slumps to yearly low near 0.6340 with Fed policy looming
Tuesday, 17 December 2024 17:54 WIB | AUD/USD |Dollar Australia,

The AUD/USD pair fell to a yearly low around 0.6340 during the European session on Tuesday.

The Aussie pair weakened as the US Dollar (USD) moved higher amid strong expectations that the Federal Reserve (Fed) could signal a more gradual policy easing approach at its policy meeting on Wednesday after cutting interest rates by 25 basis points (bps) to 4.25%-4.50%.

Source: FXStreet

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