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2025-09-16 17:16:24
[The US dollar is under pressure, with the Australian dollar nearing a 10-month high, awaiting the Fed's decision] ⑴ The AUD/USD exchange rate remained in a narrow range of 0.6660 to 0.6672 during the European trading session, just shy of a 10-month high reached during the Asian trading session. ⑵ The market is currently focused on the two-day Federal Reserve meeting, and the event risk surrounding the meeting is exerting some pressure on the US dollar. ⑶ Although the US Senate has approved the appointments of Federal Reserve Board members, the market's focus remains on the Fed's monetary policy direction. ⑷ If the Australian dollar breaks through the resistance level of 0.6677, it will face the important upper levels of 0.6687 (last November's high) and 0.67. ⑸ Reserve Bank of Australia official Hunter noted that the Australian economic outlook faces two-way risks, adding uncertainty to market participants' trading decisions and potentially affecting investor sentiment.
