澳元/美元
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Australian Dollar extends gains as losses extend in US Dollar

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Hello everyone!

The Australian Dollar (AUD) displayed positive momentum, continuing its ascent following the previous session's increase as predicted earlier. The Australian currency pair received bullish support due to a correction in the US Dollar (USD) caused by a decline in US Treasury yields. Currently, it is trading at 0.636.

After upbeat US jobs data on Wednesday and a decrease in US Treasury yields, the US Dollar Index (DXY) experienced a correction from an 11-month high. However, the initial sell-off of bonds led to record-low bond yields that haven't been observed for years before recovering and directly impacting the pair's performance.
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