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21 Aug 2026 · 05:45 GMT+3

Australian Dollar gains ground above 0.7100 as US debt concerns weigh on US Dollar

The AUD/USD pair gains traction to near 0.7135 during the Asian trading hours on Friday. The US Dollar (USD) weakens against the Australian Dollar (AUD) and is set for a weekly loss as traders viewed the US Treasury's bond buyback gambit as merely a temporary fix. 

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