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Australian dollar sheds more than 1pc amid resurgent greenback

The Australian dollar has plunged below the US76¢ mark amid a resurgence in its US counterpart as expectations the Federal Reserve will lift interest rates later this month continues to ratchet higher. Governor Lael Brainard, seen as among the most dovish policymakers, has added her voice to the debate, saying the economy “appears” to be at an inflection point. “We are closing in on full employment, inflation is moving gradually toward our target, foreign growth is on more solid footing, […]