The Australian dollar was half a US cent lower after Wall Street stocks lost ground ahead of the US Federal Reserve meeting later in the week.
At 6.30am AEST the local unit was trading at 92.00 US cents, down from 92.45 cents at yesterday’s local close.
The Fed ends its two-day policy meeting early on Thursday morning AEST and is expected to make an announcement on the winding down of its $85 billion-a-month economic stimulus plan.
Source:
http://www.theaustralian.com.au/business/markets/australian-dollar-down-as-markets-await-fed-meeting/story-e6frg94o-1226687871229
