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November 19, 2024

AUD/USD: Above 0.6520, AUD to stop weakening further – UOB Group

The Australian Dollar (AUD) is expected to trade in a range between 0.6470 and 0.6520. In the longer run, downward momentum is slowing; a break of 0.6520 would mean that AUD is not weakening further, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

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