Aussie drops to a fresh 5.5-year low after Fed and ABS data

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Source: Investing.com
The Aussie declined to a 5.5-year low versus the greenback amid the Fed statement and poor import prices data in Australia. AUD/USD hit the lowest level of 0.7854 since 2009 after the Australian Bureau of Statistics stated that prices on import added 0.9% in the last three months, barely more than a half of the 1.5% expectation. In the meantime, the US Dollar gained ground after the Fed said that interest rates will not be raised until mid-summer. The Australian Dollar also lost versus the Euro, with EUR/AUD edging up 0.18% to 1.4338.
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Thu, 29 Jan 2015 12:33:03 GMT

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