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The AUD/USD pair declines to near 0.6970, snapping the three-day winning streak during the early Asian session on Wednesday. The Australian Dolllar (AUD) softens against the US Dollar (USD) as bets of the Reserve Bank of Australia (RBA) fall.
The dollar index has maintained its position as hawkish Fed minutes emphasize inflation as a major concern. Recent interest rate hikes by the Federal Reserve have been met with caution regarding future increases. Meanwhile, the US dollar