THE AUSSIE DOLLAR IS GETTING SMASHED AFTER US FED SIGNALS END TO QE

Australia’s dollar took a dive against the greenback after Federal Reserve chairman Ben Bernanke’s economic update.

Via Investing.com, the chart below shows it falling from just over 95 cents to a new low, hovering at a touch above 93 cents at the time of writing.

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Investing.com

Stocks, bonds and commodities are all selling off after the release of the Fed’s update. Bernanke told reporters the US central bank may moderate its bond-buying scheme later this year, and end the program around mid-2014 if the economic data warrants it.

For a full report on the Fed’s statement see here and for analysis see Ben Bernanke Came Out Guns Blazing.

Here’s the AUD/USD one-week chart:

Now read: BEN BERNANKE TAKES ON THE MARKET

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