Aussie Dollar Reverses as Iran Risks Lift US Dollar
The Australian dollar pulled back against the greenback Tuesday as Middle East uncertainty supported the US dollar ahead of Fed minutes.
AUDUSD
AUD/USD reversed course on Tuesday as investors remained uncertain about the outcome of the Middle East conflict. That uncertainty tends to push energy prices higher, increasing the likelihood that major central banks would need to tighten monetary policy.
The US dollar firmed while traders awaited the release of Federal Reserve meeting minutes. The Australian dollar's earlier move gave way to renewed demand for the greenback.
Source: FXStreet Forex News