Australian Dollar weakens below 0.7150 as markets brace for Fed rate decision

The AUD/USD pair declines to around 0.7120 during Asian trading hours on Wednesday. Expectations of a US interest rate hike provide some support to the US Dollar (USD) and act as a headwind for the pair. Traders brace for the US Federal Reserve (Fed) interest rate decision later on Wednesday. 
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New Zealand Dollar drops as RBNZ’s Silk to exit in December

NZD/USD extends its losses for the third consecutive day, trading around 0.5750 during Asian hours on Wednesday.
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