AUD/USD Slides as US-Iran Clashes Spark Safe-Haven Dollar Rush
The Australian dollar held lower against the US dollar on Monday, as new missile attacks between Washington and Tehran escalated global geopolitical tensions, triggering cautious market investors to rapidly seek traditional financial safety worldwide. The US Dollar Index, a measure of the greenback's strength against the basket of major currencies, nudged lower 0.02% to trade at 100.95 on Friday after hitting an intraday uptick to the 101.22 area. In Monday's G10 trading, the AUD remained mostly bearish among other currencies. The next high-impact release for the Aussie will be the Westpac Consumer Confidence Change for July and the NAB Business Confidence for June, due on Tuesday. For the USD, the major events will be the inflation data for June and testimony of Federal Reserve Chair Kevin Warsh, also due on Tuesday. The AUD/USD pair was trading at 0.69416, with a 0.16% decline during Monday's American session at the time of writing.
The Australian dollar held lower against the US dollar on Monday, as new missile attacks between Washington and Tehran escalated global geopolitical tensions, triggering cautious market investors to rapidly seek traditional financial safety worldwide.
The US Dollar Index, a measure of the greenback's strength against the basket of major currencies, nudged lower 0.02% to trade at 100.95 on Friday after hitting an intraday uptick to the 101.22 area.
In Monday's G10 trading, the AUD remained mostly bearish among other currencies.
The next high-impact release for the Aussie will be the Westpac Consumer Confidence Change for July and the NAB Business Confidence for June, due on Tuesday.
For the USD, the major events will be the inflation data for June and testimony of Federal Reserve Chair Kevin Warsh, also due on Tuesday.
The AUD/USD pair was trading at 0.69416, with a 0.16% decline during Monday's American session at the time of writing.