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June 3, 2025

AUD USD Slides on Cautious RBA Tone Amid Global Trade Concerns

The Australian dollar dipped against the US dollar on Tuesday, retracing from recent highs to around 0.6460. The decline reflects trader reactions to the Reserve Bank of Australiaโ€™s cautious tone, coupled with softer-than-expected current account figures. This fluctuation highlights the impact of international trade dynamics on the AUD/USD exchange rate.

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