THE dollar is higher ahead of a crucial meeting of the US Federal Open Market Committee (FOMC).
At 12pm AEST, the dollar was trading at 104.84, up from 104.72 at yesterday's close.

We've risen along with other risk assets and the euro, There's probably a bit of relief since the Dutch elections have finished up without any issue.

Traders are probably also taking up positions before the FOMC meeting.

Pro-European parties were handed a significant victory at the Dutch elections on Wednesday (European time), including a win for prime minister Mark Rutte.

The FOMC meeting was a crucial event for global markets, with expectations that quantitative easing would be announced.


I wouldn't be surprised to see some weakness in the Aussie dollar going into it, because expectations are pretty high that we are going to get an open-ended asset purchase taking place.

Pound To Australian Dollar - 1.5435
Euro to Australian Dollar - 1.2331
US Dollar to Australian Dollar - 0.9541

Bye For Now

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