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AUD/USD Flirts with New Highs on US Stimulus Hopes
U.S. stocks advanced on Tuesday with the S&P 500 rising 1.35% while the 10-year Treasury yield climbed above 0.90% as sentiment improved on stimulus hopes. The US Dollar reflected the risk-on flow as progress between U.S. congressional leaders over sticking points following weeks of disagreement injected upbeat sentiment into markets. Still, key obstacles remain on Capitol Hill, with Friday’s deadline when benefits protecting millions of unemployed Americans will lapse. The top ranking Senator Mitch McConnell said that there will be no holiday break for lawmakers if a Covid bill is not passed. Meanwhile, the ... (full story)