Australian Dollar extends gains toward a three-month high ahead of RBA decision

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Australian Dollar extends gains toward a three-month high ahead of RBA decision
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The Australian Dollar (AUD) holds strong on Monday, aiming to mark a three-month high.

Australian Dollar gains ground due to the decline in the US Dollar. Australia’s TD Securities Inflation reduced to 5.1% in September from 5.7% prior. RBA is expected to increase interest rates by 25 basis points in its policy decision on Tuesday. The AUD/USD pair continues to gain ground for the fourth successive day, gearing up for the Reserve Bank of Australia's interest rate decision set to be unveiled on Tuesday.

02% -0.03% -0.27% JPY -0.02% -0.07% -0.28% -0.09% -0.03% -0.05% -0.29% NZD 0.03% -0.02% -0.01% -0.06% 0.02% 0.03% -0.24% CHF 0.26% 0.22% 0.22% 0.17% 0.26% 0.28% 0.23% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row.

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