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

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.

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

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Why Micron Stock Was Sliding Today

Malaise about the broader AI sector seemed to sink in following Jensen Huang's resignation from Nvidia.

  • Micron stock drops 5.4% amid semiconductor sector decline
  • Nvidia CEO Jensen Huang resigns, raising industry concerns
  • AMD and Broadcom also experience sharp stock declines

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