Australian Dollar extends gains after upbeat Private Sector Credit

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• Australian Dollar recovers from the 10-month low after upbeat Aussie data.
• Australia’s monthly Private Sector Credit rose 0.4% compared to the expected 0.3%.
• US Dollar retreats after the moderate economic data released on Thursday.

The Australian Dollar (AUD) extends its gains on the second successive day on Friday. The AUD/USD pair recovers from recent losses, primarily supported by a correction in the US Dollar (USD) due to a pullback in US Treasury yields. Additionally, the Aussie pair gets minor support from the Australian upbeat Private Sector Credit (MoM) data.