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Posted by
Two Blokes May 20 -
Filed in
Forex
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3 views
The AUD/USD pair is trading around 0.6450 on Monday, extending its recovery from recent lows as the US Dollar (USD) faces renewed selling pressure following Moody's decision to downgrade the United States' long-term sovereign rating from AAA to AA1. The downgrade, which cited mounting fiscal challenges and a $36 trillion debt load, has weighed heavily on the Greenback, pushing the US Dollar Index (DXY) toward the key 100.00 support zone.
