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AUD hits multi-year highs
The Australian dollar rallies sharply and
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The Australian dollar rallies sharply and hits multi-year highs amid a notable return of investor risk appetite. According to Bloomberg, the currency's advance has become one of the key indicators of an overall improvement in sentiment across global markets. Optimism is linked to hopes that the temporary truce between the United States and Iran could evolve into a more durable agreement. The Australian dollar rose against the US dollar to $0.72 — a level not seen since June 2022. Particularly striking
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