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AUD Falls Against Peers as RBA Governor Warns of Slowing Economy

Guavy AI Editorial Team
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EUR USD AUD
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The Australian Dollar (AUD) fell against major currency peers on Tuesday after Reserve Bank of Australia (RBA) Governor Michele Bullock's remarks about the economy.

Bullock warned that 'the economy is slowing, housing market cooling more than anticipated,' and kept the option of cash rate hikes on the table to bring down inflation.

This news led to intense selling pressure against the AUD, with it trading 0.35% lower at around 0.6965 against the US Dollar (USD) during the European session.

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