SYDNEY, Oct. 12 (Xinhua) -- The Australian dollar continued to benefit from weakness in its U.S. counterpart, following dovish signs from the latest U.S. Fed monetary policy meeting.
In the Asian market early on Thursday, the local unit was buying 77.85 U.S. cents, up from 77.76 U.S. cents on Wednesday.
The move followed the release of the minutes from the U.S. Federal Reserve's FOMC monetary policy meeting in September.
Commonwealth Bank senior currency strategist Elias Haddad said in a note that the minutes show "the FOMC remains in no rush to speed up the pace of Fed funds rate increases, meaning U.S. interest rate expectations will not adjust higher."
The Aussie dollar swiftly moved higher against the greenback after the minutes were released.
At 09:39 (AEDT), the Australian dollar was buying 77.95 U.S. cents.
