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The Australian dollar traded around $0.70, staying near multi-month lows despite the central bank’s fourth interest rate hike this year. In a unanimous decision, the Reserve Bank of Australia raised its cash rate by 25 basis points to 4.60%, the highest level since 2011, citing persistent inflationary pressures and hig
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but