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The Australian dollar is getting dumped, falling to the lowest level seen this year
The Australian dollar is getting beaten up, falling heavily again on Monday as US bond yields continued to lift. Here’s the scoreboard as at 7am AEST. AUD/USD 0.7604 , -0.0068 , -0.89% AUD/JPY 82.65 , 0.14 , 0.17% AUD/CNH 4.7971 , -0.015 , -0.31% AUD/EUR 0.6228 , -0.001 , -0.16% AUD/GBP 0.5454 , -0.0016 , -0.29% AUD/NZD 1.0635 , 0.0017 , 0.16% AUD/CAD 0.9771 , -0.0012 , -0.12% And here’s the AUD/USD hourly chart, revealing just how far and fast the Aussie has tumbled over the past three trading sessions. It’s now shed 2.7% from Thursday’s high of .7812, leaving it sitting at the lowest level since December 13 ... (full story)
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