Aussie jumps as traders reduce Greenback longs

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Source: WBP Online
The Australian Dollar erased its post-China data losses and was set higher versus the US Dollar, as speculations that the Fed will refrain from hiking rates next week, pushed the Greenback investors to liquidate long positions. The AUD/USD pair rose 0.76% to $0.6976 by 08:44 AM GMT. Nevertheless, the Aussie remains under pressure by worries over China, which is Australia's biggest trading partner.
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