After rising to a daily high of 0.7534 earlier in the day, the AUD/USD pair reversed its direction and was last seen trading at 0.7467, where it was down 0.4% on a daily basis. Similar to Tuesday's market action, the USD gathered strength as American traders entered the market. The US Dollar Index (DXY), which spent the first half of the day moving sideways near 92.50, is currently trading at its highest level since early April at 92.83, rising 0.3% on a daily basis.
The only data from the US revealed on Wednesday that JOLTS Job Openings were little changed at 9.2 million in May. Meanwhile, the S&P 500 and the Dow Jones Industrial Average indexes are down 0.1% and 0.3%, respectively, while the Nasdaq Composite is flat on the day at 14,790. Later in the session, the FOMC will release the minutes of its June meeting and investors may be pricing the prospects for this publication to confirm the hawkish policy tilt.