Australian dollar plunges in Asia as post-Fed gains unravel - It's all one trade at the moment. AUD/USD is on a downward spiral, mirroring the stock market. Asia's attempt to push the momentum further fizzled out, leading to profit-taking fueled by AI-overspending concerns. While the Fed's upgraded GDP forecast for 2026 bodes well for global growth, Chinese stock struggles and lackluster growth prospects in Australia cast a shadow. Brace for impact as the market awaits a game-changing catalyst. Read more on investinglive.com.