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AUDUSD Climbs Toward Four-Month High as RBA Rate Hike Odds Surge

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The Story

News Summary

  • The Australian dollar traded near four-month highs above $0.72, buoyed by surging expectations for an RBA rate hike following robust GDP and inflation data.
  • Market odds for a 25-basis-point hike jumped to 66%, while a broadly weaker US dollar provided additional upward momentum.
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AUDUSD price history

0.72 +9.09% over the displayed period

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