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Back Fundamental analysis
AUD/USD. Analysis and Forecast
The Australian dollar is recovering today
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The Australian dollar is recovering today as the U.S. Dollar Index retreats from its yearly highs. The recent downtrend in the AUD/USD pair has largely been driven by domestic economic data from Australia. Mixed economic data from China, a key trading partner of Australia, have had minimal impact on the Australian dollar.During a press conference, China's National Bureau of Statistics highlighted improving consumer expectations in October and announced plans to intensify policy adjustments and boost domestic demand.Downward pressure on the
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