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fxJul 10, 2026, 11:38 AM

AUD/USD Rises on Hawkish RBA, Iran Diplomacy Pressures USD

The Australian Dollar edged higher against the US Dollar on Friday, trading near 0.6950, supported by a hawkish tone from the Reserve Bank of Australia and diplomatic developments regarding Iran that weighed on the greenback.

AUDUSD

The AUD/USD pair climbed to a more than two-week high earlier in the session before paring gains, currently trading around 0.6950, up 0.10% on the day.

Traders are balancing a weaker US Dollar amid Iran-related diplomatic pressures against lingering factors that continue to support the greenback. The Reserve Bank of Australia's hawkish stance has provided additional support for the Australian Dollar.

The pair remains sensitive to shifts in risk sentiment and any further updates on geopolitical developments.

Source: FXStreet Forex News