The Australian Dollar is under pressure again today after making a 2-year low yesterday as risk assets struggle in the aftermath of the Fed’s rate hike on Wednesday.
In the aftermath of the Fed’s 75 basis point hike on Wednesday, Treasury yields leapt higher in the North American session overnight. This further boosted the US Dollar, driving AUD/USD lower. The Kiwi has been caught up in the same vortex and is also near a 2-year low.
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