The Australian dollar continues to go back and forth during the course of the trading session on Tuesday, as we continue to hang around the 0.7350 level.
The dollar traded marginally higher Tuesday, stabilizing below recent highs ahead of the start of the latest U.S. Federal Reserve meeting which could provide clues of future policy action. Trading ranges are likely to be small Tuesday at the start of the two-day meeting of the Federal Reserve, concluding on Wednesday.
It’s a quiet day ahead on the economic calendar. U.S consumer confidence and core durable goods orders will draw attention later in the day, however.