The Australian Dollar reversed course on Wednesday, tumbled over 0.48% as the Greenback staged a recovery following the Fed’s decision to cut rates by 25 basis points. Although it usually would be negative for the Dollar, the AUD/USD fell from around 0.6707 to current levels at around 0.6652.
The latest quarterly Gross Domestic Product (GDP) growth figures from New Zealand are expected just ahead of the Thursday market rollover, at 22:45 GMT on Wednesday.
USD/JPY plunges after the Federal Reserve decided to cut rates by 25 basis points, while providing a dovish forward guidance, paving the way for further easing. At the time of writing, the pair trades volatile within the 146.70-145.50 range.