# Aussie climbs to $0.76 ahead of Fed's policy decisions

> The Australian dollar rebounded from one-and-a-half-week lows to near 0.7600 ahead of the Federal Reserve's policy meeting. US producer prices rose more than expected in May, and markets had priced in another rate hike this year.

- Date: 2018-06-13 · published 2018-06-13T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/64781-aussie-climbs-to-0-76-ahead-of-fed-s-policy-decisions
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A short-covering bounce in the Aussie reflects anticipation of Fed tightening, which typically supports the dollar and pressures dollar-priced commodities.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- economies.com: https://www.economies.com/forex/aud-usd-news/aussie-climbs-to-$0.76-ahead-of-feds-policy-decisions-23340

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.