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AUD/USD reverses a dip to 0.7185, dovish RBA’s Stevens weigh
The selling pressure behind the AUD/USD pair intensified after the RBA Governor Stevens hinted at further easing in the upcoming months, sending the major deeper in the red below 0.72 handle. Currently, the AUD/USD pair trades -0.39% at 0.7195, retreating from fresh session lows struck at 0.7185 in the last hour. The Aussie attempts a tepid-bounce from RBA Stevens’ induced sell-off towards multi-week lows, and now tries to reclaim 0.72 handle amid persisting risk-off environment. The AUD/USD pair plunged nearly 35-pips in a knee-jerk reaction to RBA Stevens’ comments on inflation, which suggested that the central ... (full story)