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AUDUSD fall after Trump victory

AUDUSD was down on Wednesday morning after testing the high level of 0.6644 in the last trading session as the Australian dollar fell nearly 2% on Wednesday, dipping to around $0.652 and nearing three-month lows as the US dollar strengthened after former President Donald Trump took an early lead against Vice President Kamala Harris in the US presidential race. The results have so far followed expectations, with the outcome now focusing on seven key swing states. On the domestic front, the Reserve Bank of Australia kept the cash rate unchanged at 4.35% on Tuesday, marking its eighth consecutive meeting without a rate change, as widely anticipated.