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fxAug 13, 2026, 2:15 AM

Australian Dollar Stuck in Range as Iran Risks Offset Hawkish RBA

AUD/USD holds near 0.7050 in Asian trading Thursday as Iran-related risks counterbalance a hawkish Reserve Bank of Australia stance.

AUDUSD

The Australian dollar was steady around 0.7050 during Thursday's Asian session, with AUD/USD consolidating after pulling back from its strongest level since June.

The pair remains stuck in a range as Iran-related risks offset the supportive tone from a hawkish RBA. The previous day's retracement slide has stalled for now.

Market attention remains on how geopolitical developments and central bank expectations shape the Aussie's next move.

Source: FXStreet Forex News