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AUD/USD Holds Near Highs as RBA Rate Hike Odds Surge to 54%

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The Story

News Summary

  • The Australian dollar traded near multi-month highs below $0.72 as surging expectations for an RBA rate hike offset concerns over slowing domestic growth.
  • Markets now price a 54% chance of a September rate increase amid persistent core inflation, even as higher US Treasury yields keep traders cautious.
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AUDUSD price history

0.72 +9.09% over the displayed period

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