The Aussie continues to attempt a recovery on Thursday, as the market is currently threatening a significant level in the market.
A full-scale Middle East conflict is unlikely but any further escalation of tensions would have significant adverse consequences for commodity markets and inflation, affirming geopolitical developments as a core economic challenge globally.
The US dollar continues to see a lot of upward pressure against the Japanese yen, as the interest rate differential continues to favor the greenback, especially on Wednesdays, when the swap is triple.
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