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Australian dollar against US dollar - "It seems that the currency will soon hit a price above 0.68"

Australian dollar against US dollar - "It seems that the currency will soon hit a price above 0.68"| FXMAG.COM
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australian dollar against us dollar it seems that the currency will soon hit a price above 0 68 grafika numer 1australian dollar against us dollar it seems that the currency will soon hit a price above 0 68 grafika numer 1

Although the Australian dollar has risen over the past week, many economic issues are still at play. This indicates that the rally was due to the recent actions of the Reserve Bank of Australia, particularly on its abandonment of aggressive monetary policy like many countries around the world. The bank also left its interest rate unchanged.

On top of that, the aussie is heavily tied to the Chinese economy, so it is necessary to closely monitor what is happening on the mainland.

It seems that the currency will soon hit a price above 0.68.

australian dollar against us dollar it seems that the currency will soon hit a price above 0 68 grafika numer 2australian dollar against us dollar it seems that the currency will soon hit a price above 0 68 grafika numer 2

The release of the Reserve Bank of Australia's minutes of the meeting on Tuesday will be the opportune time for the aussie to assert itself.

Read next: easyJet, Tesla, Netflix, GS - some big names report earnings this week| FXMAG.COM

Relevance up to 04:00 2023-04-18 UTC+2 This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

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