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AUD/USD hit new 2024 low and trading near the lowest since Oct 2023 on Thursday, after strong bearish signal was generated on Tuesday’s close below former annual low (0.6348, Aug 5 spike low). Aussie remains pressured from slower than expected growth of Chinese economy and falling commodity prices, with expectations for Fed’s hawkish cut today […]

The post AUD/USD Outlook: Hits New 2024 Low Ahead of Widely Expected Fed’s Hawkish Cut appeared first on Action Forex.

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