Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
The Aussie remained under pressure today, trading in negative territory against the US dollar after the Federal Reserve (Fed) decided to keep the main interest rate unchanged at a record low after its two-day meeting.
Policymakers noted that the labour market delivered "solid job gains" that led to a decline in unemployment, leading to a further decline in slack after the jobless rate sank to 5.3% in June, its lowest level since April 2008.
However, the statement was more dovish when it comes to the assessment of inflation trends, where officials acknowledged the recent commodities sell-off by omitting the phrase "energy prices appear to have stabilized."
Today Australia released major economic update of Building approvals, came in negative numbers at -8.2% mm vs 2.3% previous release.
The divergence between monetary policies is set to remain and this should keep the pair under pressure, targeting levels below the $0.70 handle in the medium term.
