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- Australian Dollar rebounds from the yearly lows as the US Dollar corrects.
- Aussie Dollar receives upward support as the RBA expects to increase interest rates.
- US Dollar faced pressure as downbeat Core PCE contributed to increasing demand for US bonds.
The Australian Dollar (AUD) rebounds from the yearly lows, extending gains for the second successive day on Friday. The pair recovers on the back of the correction of the US Dollar (USD) and the likelihood of another rate hike from the Reserve Bank of Australia (RBA) on November 7.
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