Aussie slips, UK pound recovers

Finance | 23 Jul 2021 2:36 pm

The British pound recovered from losses as steep as 1.3 percent for the week to trade just about flat at US$1.3755, buoyed by the recovery in risk sentiment even with coronavirus infections broadly on the rise.

However, Australia's dollar - often viewed as a proxy for risk appetite - slid nearly 0.3 percent to US$0.73665 on Friday and was headed for a 0.5 percent drop, which would be a fourth straight weekly decline.



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