Australian Dollar extends gains due to positive market sentiment despite weaker economic data
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#acbb1c95 ver:0.68

Despite weaker economic data, the Australian Dollar (AUD) extends gains due to positive market sentiment. The AUD/USD pair rises as the US dollar weakens and the Federal Reserve delays rate cuts. The AUD/USD pair reacts to US consumer confidence report and technical indicators suggest further upside potential. However, the AUD weakens in response to weaker domestic data and mixed Chinese economic data. Traders are also awaiting US labor market data and the FOMC press conference for further direction. The AUD's movement is influenced by RBA interest rates, Chinese economy, Iron Ore prices, and market sentiment. Technical analysis suggests a potential breakout in the AUD/USD pair. Overall, the AUD's gains are driven by positive sentiment and hawkish RBA expectations....

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