The Australian dollar surged to a 7-month high against the US dollar, while the British pound reached a 2-week high. This was largely due to a weaker US dollar in the market. On the other hand, the Euro to British pound exchange rate stabilized. The AUD/USD and GBP/USD pairs benefited from the decline in the US dollar’s strength, leading to their respective highs. Investors are closely monitoring these currency pairs for any further movements in the market.
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