US EditionAUD/USD Rallies as Dollar Weakens: Is the Recovery Sustainable?
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AUD/USD Rallies as Dollar Weakens: Is the Recovery Sustainable?
AUD/USD extended its upside momentum today, climbing above 0.6370, as the USD weakened across the board. The move marks a solid rebound from the sharp April dip, with the bulls now eyeing a break above the 0.6400 handle, a level that has capped several recent advances. Stronger Australian trade data and resilient commodity prices, both of which tend to favour the Aussie, also boosted risk appetite. However, with the market still digesting the br…
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