Daily Market Updates: Australian Dollar weakens as rising US yields, Fed tightening outlook weigh

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Australian Dollar weakens as rising US yields, Fed tightening outlook weigh

Reported · Written up by our desk · Major Pairs

AUD/USD extends its decline on Friday, trading around 0.6775, down 0.43% on the day at the time of writing. The Australian Dollar (AUD) remains under pressure against the US Dollar (USD), as rising US Treasury yields reduce investors' appetite for risk-sensitive currencies.

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FXStreetAustralian Dollar weakens as rising US yields, Fed tightening outlook weigh

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Australian Dollar weakens as rising US yields, Fed tightening outlook weigh

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