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Australian Dollar climbs as softer US data, improving risk sentiment weigh on USD

AUD/USD trades around 0.7060 on Wednesday at the time of writing, up 0.20% on the day. The pair benefits from broad-based US Dollar (USD) weakness as investors react to softer-than-expected US economic data and improved risk sentiment driven by the latest geopolitical developments.

Australian Dollar climbs as softer US data, improving risk sentiment weigh on USD

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