Sinking Ship: AUD Failing to Hold its Ground

[kreslik.news]

There has been massive chaos in the global economy throughout 2016, ranging from issues regarding the pending interest rate hike decision by the Fed to other political developments in the United States and Europe.

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Last week, the Fed went for a hike in its interest rate, which consequently pushed the dollar higher against its all major rivals in the financial world, ultimately prompting the USD to build a strong bullish sentiment in the market. After the Fed went for the rate hike in its last FOMC meeting ... (read more)