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The Australian Dollar (AUD) extends its gains for the second consecutive day on a subdued US Dollar (USD), which could be attributed to the decline in the US bond yields.
The USD/CAD pair trades near the day’s low around 1.3470 in Wednesday’s European session as the US Dollar Index (DXY) has corrected to near 104.00 from an 11-week high of 104.60.
The Australian Dollar (AUD) attempts to retrace its recent losses on Tuesday.
Indian Rupee (INR) trades flat on the day amid the decline of the US Dollar (USD).
The NZD/USD pair faces selling pressure while attempting to extend recovery above the immediate resistance of 0.6070 in the European session.