Thu, 25 Oct 2012 12:31:46 GMT
Aussie gains on Fed
On Thursday, the Australian Dollar edged higher versus the U.S. counterpart, reaching a 1-week high, after Fed's announcement that it would not remove its monetary policy despite the improving economy. AUD/USD hit a session high of 1.0385, and later consolidated at 1.0387, which was a 0.42% gain for the European morning trading hours.