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AUD/USD looking over the edge as 0.7650 comes back into play
The Aussie tumbled against the Dollar last week as the Greenback staged a broad-market recovery, and the AUD/USD pair is kicking off the new week of trading near 0.7670. Last week saw a dovish Reserve Bank of Australia (RBA) as well as softer-than-expected employment figures, and the Australian economy continues to wallow in middling macro figures, which has left the RBA in a holding pattern on rates and monetary policies. Expectations of rate hikes from the RBA have been pushed into far into the future, and despite headwinds to global growth, Australian data continues to lag far behind growth trends and the widening ... (full story)