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Australian Dollar hits five-week high amid weak GDP and US Dollar
Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.
Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.
The Australian dollar has surged to a five-week high as disappointing GDP data and a softer US dollar reshape trader expectations. Market participants are closely watching the Reserve Bank of Australia’s next policy meeting to gauge future interest rate decisions.
We sit down with Steve Gopalan from SkandaFX to break down what these developments mean for the Australian economy and global markets. From Q3 growth figures to inflation indicators, Steve explains the key drivers behind the Aussie dollar’s recent gains.
Traders are also keeping an eye on the Federal Reserve’s upcoming policy meeting, as a weaker US dollar could have further implications for the Australian currency. Stay informed with expert insights and what to expect in the weeks ahead.
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