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Australian Dollar outperforms as RBA looks set to hike interest rates on Tuesday

The Australian Dollar (AUD) trades higher against its major currency peers, except the US Dollar (USD), during the European trading session on Monday.

The Australian Dollar (AUD) trades higher against its major currency peers, except the US Dollar (USD), during the European trading session on Monday.

The antipodean gains are on expectations that the Reserve Bank of Australia (RBA) will hike interest rates at its policy meeting on Tuesday.

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