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Australian Dollar continues the winning streak amid stronger Retail Sales
The Australian Dollar (AUD) extends gains for the third successive session, continuing the winning streak on Monday after rebounding from the yearly lows. The AUD/USD pair continues with the gains due to the weaker US Dollar (USD), which could be attributed to the economic data released on Friday from the United States (US). Furthermore, the Reserve Bank of Australia (RBA) is expected to raise policy rates in the upcoming meeting on November 7. Australia’s Retail Sales s.a. (MoM) for September surprised the market with a significantly higher reading compared to both the market consensus and the previously recorded ... (full story)