AUD/USD: Unlikely to weaken much further – UOB Group

Australian Dollar (AUD) is unlikely to weaken much further; it is likely to trade in a lower range of 0.6420/0.6455. In the longer run, risk for AUD is tilted to the downside toward 0.6420, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

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