The Australian dollar climbed against its major rivals on Thursday, as the Federal Reserve indicated an interest rate hike by the end of the year.
The Aussie ended at 68.09 euro cents from Wednesday’s 68.54 euro cents, and 77.31 US cents from 77.15 US cents.
We attribute the currency’s sharp increase to the remarks of Fed Chair Janet Yellen after the meeting. Failure to mention a rate hike “is imminent disappointed the market,” said Liam Moon, Senior Dealer at Easy Forex.
The material has been provided by InstaForex Company – www.instaforex.com