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AUD/USD clings to gains after US data

FXStreet (Córdoba) - The AUD/USD trades near daily highs above 0.9300, holding onto gains and extending its recovery into a third consecutive day, despite a quick, short-lived drop seen after a series of US data.

US initial jobless claims rose by 21,000 to 311,000 in the week ending August 9, versus 295,000 expected. Meanwhile, import price index fell 0.2% in July versus a 0.4% drop forecasted.

The pair fall to a session low of 0.9299 but quickly bounced after the latest string of US data. At time of writing, the AUD/USD is trading at 1-week highs around 0.9320, recording a 0.19% gain on the day.

The AUD/USD is taking advantage of broad-based greenback weakness and extending its recovery from multi-week lows scored last Friday at the 0.9240 zone.

United States Export Price Index (YoY) climbed from previous 0.2% to 0.8% in July

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The Euro is currently trading higher against the US Dollar as the pair reacted positive following the import and export price indexes and jobless claims in the US.
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