AUD/USD Ahead of a Crucial Release
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The Australian dollar has been actively declining against the U.S. dollar for the second consecutive week, amid a simultaneous strengthening of the greenback and weakening of the Aussie. The AUD/USD pair is falling on growing expectations that the RBA will cut the interest rate by 25 basis points at its upcoming meeting on August 12, due to a weakening economy and slowing inflation. Although the RBA governor in her last speech highlighted the positive aspects of the "Australian Nonfarm" report,
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