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Australian Dollar hovers below a psychological level after mixed Chinese data
The Australian Dollar (AUD) attempts to break a losing streak on Wednesday, finding stability against the US Dollar (USD). In the previous session, the AUD/USD pair experienced a decline, influenced by a stronger Greenback, driven by upbeat US Treasury yields. Market participants have reduced their speculation on rate cuts from the US Federal Reserve (Fed). Heightened tensions in the Middle East conflict have also contributed to investor caution. Additionally, a decline in commodity prices, potentially reflecting fears of weaker demand from China, has weighed on the Aussie Dollar (AUD). Australia's Consumer ... (full story)