Investing.com - The Australian dollar slipped lower against its U.S. counterpart on Wednesday, while the New Zealand dollar held steady as investors awaited the Federal Reserve’s highly-anticipated policy decision due later in the day.
AUD/USD was down 0.15% at 0.7447.
Investors were eyeing the conclusion of the Fed’s two day policy meeting later Wednesday, with most investors expecting no change given recent signs of weakness in the global economy.
Market participants were also awaiting the release of U.S. housing sector and inflation reports ahead of the Fed statement, for further indications on the strength of the economy.
NZD/USD was little changed at 0.6605.
The greenback had briefly weakened after the U.S. Commerce Department reported on Thursday that retail sales and producer prices declined last month.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.20% at 96.85.