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May 5, 2025

AUD/USD Weekly Outlook: Yuan Strength Drives Aussie Gains

The AUD/USD pair extends its gains as strength in the Chinese yuan alongside expectations of the Federal Reserve maintaining interest rates bolsters Aussie bulls. Analysts suggest that a market retracement could present dip-buying opportunities above the key level of 0.6340. On the weekly outlook, traders appear optimistic about the upward potential of the Aussie dollar.

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