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Forex

ASX Set to Pull Back Amid Fed Decision Jitters

Guavy AI Editorial Team
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USD AUD
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The Australian sharemarket is expected to pull back from its strong gains on Monday, with futures pointing to a fall of 31 points or 0.4% at the open.

Investors are watching comments from Reserve Bank of Australia governor Michele Bullock, while attention turns to Wednesday's US Federal Reserve decision and major technology earnings.

The S&P/ASX 200 jumped 121.7 points or 1.39% on Monday, its strongest session since mid-June, as oil prices retreated after reports of a pause in hostilities between the US and Iran.

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