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AUD/USD holds within yesterday’s range amid the failed attempts to push above the long-term moving average, and the exchange rate may reestablish the downward trend from earlier this year if struggles to retain the advance from the yearly low (0.6565).
India is looking to work out a mechanism to hedge exchange rate risks in the proposed rupee-based trade with the United Arab Emirates to limit losses for exporters, an India official told reporters on Thursday.
AUD/USD continues to hold below the monthly high (0.6784) as it gives back the advance following the Federal Reserve interest rate decision, and the exchange rate may track the negative slope in the … Read Full Story at source (may require registration)