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Australian Dollar recovers some ground after RBA’s dovish hike

FXStreetAustralia

Australian Dollar recovers some ground after RBA’s dovish hike

AUD/USD claws back some of the losses recorded immediately after the Reserve Bank of Australia’s (RBA) monetary policy announcement earlier on Tuesday, which pushed the pair to a two-week low of 0.6961. At the time of writing, AUD/USD trades around 0.6990, down 0.10% on the day.

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