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Forex

AUD on Four-Day Winning Streak Amid Thin Trading Volumes

Guavy AI Editorial Team
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USD AUD
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The Australian Dollar has been on a four-day winning streak, gaining 0.22% against the US Dollar, despite thin trading volumes due to the Labor Day holiday in the US.

The AUD/USD pair currently trades at 0.7218, after bouncing off its daily lows of 0.7194.

Sentiment remains mixed following Monday's session, with European equity markets reflecting this uncertainty.

US-Iran tensions have escalated, and a potential deal between Iran and Oman to secure safe passage through the Strait of Hormuz has raised questions about how the US might respond.

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