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Australian Dollar recovers as risk mood caps USD, Iran jitters linger

The Australian Dollar (AUD) reverses an intraday dip to the 0.7020 area and climbs to the top end of its daily range during the first half of the European session on Thursday. Spot prices, however, lack bullish conviction and remain below mid-0.7000s, warranting caution before positioning for an extension of the previous day’s bounce from over a two-month low.Despite the uncertainty over the US-Iran peace deal, a steadier mood fails to assist the safe-haven US…

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Business

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Mortgage rates climb as homebuyers push past market jitters

Mortgage rates jumped this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.52% from last week’s reading of 6.48%.The average rate on a 30-year loan was 6.84% a year ago.…

Investing

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