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Albanese Election win underpins AUD/USD rebound
The AUD/USD continued to rebound last week and that led to a post April 9 rise, to 0.6470. The low seen back on April 9 was set at 0.5915. The AUD/USD closed on Friday at 0.6434 ahead of the eagerly awaited Australian election result. That has delivered a second term for the ruling Anthony Albanese led labour government. Ahead of this result it was not just the AUD/USD that benefited last week, because the EUR/AUD continued to fall back and the AUD/JPY continued to gain ahead of the weekend. The AUD/USD has lifted closer to 0.6500 this morning, as the wider dollar falls back. The high seen so far has been set at 0.6488. The AUD/USD its currently trading at 0.6480
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Gold does trip stops below $3,285.50 as Trump Tax bill passes through the house
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