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AUD/USD corrects from three-year high amid US Dollar recovery

AUD/USD trades around 0.7000 on Friday at the time of writing, down 0.60% on the day, after retreating from a three-year high reached earlier this week. The pair thus snaps a three-day winning streak, amid a technical correction and a modest recovery in support for the US Dollar (USD).
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USD: Decline and inflation dynamics – UBS

The UBS Weekly Blog by Paul Donovan discusses the rapid decline of the US Dollar this year. It highlights that while a weaker currency typically correlates with higher inflation, modern trading behaviors have diminished this narrative.
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