| The Australian dollar held steady on Thursday after the US Federal Reserve failed to surprise overnight and a lift in commodity prices offset soft domestic data. In late local trade, the Aussie was fetching US73.09¢, compared with US73.16¢ at the same time on Wednesday.
The local unit had spiked to US73.46¢ when the US Fed announced its decision to hold rates where they've been for the last 6½ years. The language around the decision was also less hawkish than expected, leaving traders wondering if lift-off would even materialise this year...............................................Full Article: Source
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