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- AUD/USD hits a daily high of 0.6328 before dropping due to heightened Middle East tensions.
- US Dollar remains strong, with US equities in the red and Treasury bond yields dropping.
- Latest Aussie employment report shows easing labor market, aligning with the RBA’s decision to keep rates at 4.10%.
The Australian Dollar (AUD) dropped vs. the US Dollar (USD) on Friday in the mid-North American session after the pair hit a daily high of 0.6328. Still, risk-aversion amidst heightened tension in the Middle East weighs on the AUD/USD, which trades at 0.6318, down 0.17%.
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