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- Australian Dollar strengthened due to the subdued US Dollar.
- Australia’s Retail Sales increased to 0.9%, significantly higher than the market consensus of 0.3%.
- US Dollar encountered a challenge after a moderate Core PCE Price Index data on Friday.
The Australian Dollar (AUD) extends gains for the third successive session, continuing the winning streak on Monday after rebounding from the yearly lows. The AUD/USD pair continues with the gains due to the weaker US Dollar (USD), which could be attributed to the economic data released on Friday from the United States (US). Furthermore, the Reserve Bank of Australia (RBA) is expected to raise policy rates in the upcoming meeting on November 7.
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