AUD/USD Rises to 0.7010 Amid US-Iran Tensions, Employment Report in Focus
The Australian dollar edged higher to near 0.7010 during Asian trading on Tuesday, despite escalating US-Iran geopolitical tensions. Markets now await the Australian employment data as the next catalyst.
AUDUSD
The AUD/USD pair extended its modest recovery during Asian hours on Tuesday, trading around 0.7010. The move comes even as the US-Iran conflict intensifies, which typically supports safe-haven currencies at the expense of risk-sensitive pairs like the Aussie.
Analysts note that further upside for the pair may be capped by the heightened geopolitical uncertainty. The focus now shifts to the Australian employment report due later this week, which could provide the next directional cue for the currency.
Source: FXStreet Forex News