Aussie drops, pressured by firm Greenback

Source: WBP Online
© ScanPix/AFP
The Australian Dollar extended losses versus its US counterpart, as traders are waiting for the US CPI figures and the FOMC minutes, which could determine the timing of the Fed's rate hike. The Aussie dropped 0.13% against the Greenback, trading near $0.7364 at 09:06 am GMT. The Australian currency was also hit by the devaluation of the Yuan, since China remains Australia's top trading partner.
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