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AUDUSD Tumbles to Two-Month Lows on Hawkish Fed Policy Shift

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The Story

News Summary

  • The Australian dollar hit two-month lows as a hawkish Federal Reserve stance under new Chair Kevin Warsh boosted the US dollar.
  • Despite the RBA's lingering hawkishness, the Fed's potential future rate hikes and shift away from forward guidance continue to pressure the currency pair.
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AUDUSD price history

0.71 +7.58% over the displayed period

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