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Australian Dollar gains ground on improved risk appetite, upbeat Aussie Retail Sales
The Australian Dollar (AUD) continues to gain ground, extending its gains for the third successive session on Tuesday. The AUD/USD pair seems to be benefiting from improved risk appetite, driven in part by comments from US Federal Reserve (Fed) members speculating about potential interest rate cuts by the end of 2024. Additionally, the upbeat economic data from Australia could reinforce the strength of the Aussie Dollar (AUD). Australia’s Bureau of Statistics revealed the seasonally adjusted Retail Sales (MoM) for November, which rose by 2.0% instead of the expected 1.2%, swinging from the previous 0.2% decline. ... (full story)