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AUDUSD Plummets Near 3-Month Lows on Strong US Dollar and Softening RBA Rate Hopes

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The Story

News Summary

  • The Australian dollar is hovering near three-month lows under $0.70.
  • A strong US dollar dominates markets amid resilient US data and expectations of Fed rate hikes.
  • Meanwhile, easing oil prices have reduced expectations for further RBA rate hikes, with the peak rate likely reached.
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AUDUSD price history

0.71 +7.58% over the displayed period

Advisor Snapshot

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