The AUD Has Dropped Below Parity

The Australian dollar has dropped below parity, with one unit worth 0.9985 USD at around 9:30AM this morning.

Some commentators are saying traders bought into the USD, in part after a Wall Street Journal article which said the United States Federal Reserve would be winding back its multi-billion dollar bond-buying program.

Now read: Everyone Will Be Debating The WSJ Story About The Fed Considering Ways To End QE

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