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The Australian Dollar and Canadian Dollar outperformed major currencies on Monday, driven by distinct market catalysts rather than a unified risk-on sentiment. The Aussie Dollar gained momentum following robust Chinese economic data, which boosted market confidence, alongside speculation that the Reserve Bank of Australia (RBA) may not be finished with its monetary tightening cycle. Meanwhile, the Canadian Dollar maintained strong performance despite softer domestic core inflation figures, primarily anchored by elevated crude oil prices.
