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The Aussie dollar hit a one-year high above $0.65 as the U.S. dollar weakened amid economic concerns and shifting Fed expectations.
The Australian dollar surged past US$0.65, marking its highest level in over a year, as the U.S. dollar weakened amid growing concerns over America's economic outlook and shifting Federal Reserve policy expectations.
The move reflects stronger-than-expected Australian economic data and increased demand for higher-yielding currencies, while investors reassess the strength of the greenback in a changing global environment.
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El dólar australiano alcanzó un máximo de un año por encima de $0.65 a medida que el dólar estadounidense se debilitó en medio de preocupaciones económicas y expectativas cambiantes de la Fed.