The Australian Dollar US Dollar (AUD/USD) exchange rate is trading -0.3% lower at US$0.7255. This is the first day in the red for the pair this week.
The US Dollar is driving higher following the Federal Reserve Monetary policy announcement yesterday. The Fed kept rate on hold and indicated it would do so until beyond 2023. However, Fed also showed that it was in no rush to add further stimulus.
Australian unemployment unexpectedly declined to 6.5%, down from the 7.5% recorded in July and well below the 7.8% forecast. The upbeat data kept losses limited on the Aussie Dollar.
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