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Forex

Australian Dollar Unmoved by Oil Price Spike Amid Hawkish Fed Bets

Guavy AI Editorial Team
Instruments
AUD
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The Australian Dollar traded flat on Monday, unchanged at 0.7165, as rising energy prices pushed US Treasury yields higher.

Oil prices surged after the US and Iran exchanged strikes, indicating a swift resolution is unlikely in the short term.

Australia's economic docket this week will feature releases of S&P Global Manufacturing PMI for August, Building Permits for July, and Gross Domestic Product (GDP) figures on September 2.

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