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AUD Slides to Two-Year Low on Recession Fears – worldforexbrokers
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worldforexbrokers

AUD Slides to Two-Year Low on Recession Fears

Commodities are weighing on the currency which is falling due to growth fears as risk aversion overtook markets, the Australian dollar felt to its lowest level since the early days of the covid epidemic. The Australian dollar fell 0.4% versus the US dollar reaching 0.6674 its lowest since 2020.