AUDUSDAustralian Dollar / US Dollar
0.7171
+0.31%
SUPPORT:0.7140.71
RESISTANCE:0.720.728
Past
What happened
AUD/USD rose to 0.7171 (+22 pips), best-performing G10 on Iran-deal risk-on plus weak dollar — Aussie back near five-month highs and pushing the 0.72 line.
Why
Why it matters
Aussie is the textbook risk-on dollar-down beneficiary, but with iron ore softening it's running on sentiment alone. RBA's hawkish hold last month gave it room.
Watch
What to watch
Australian Q1 capex Thursday is the next domestic catalyst. A confirmed close above 0.7200 opens 0.7280; a stall here likely sends it back to 0.7100 on any Iran-deal disappointment.
HEADLINES
- Australian Dollar Rises Vs. U.S. Dollar on Mideast Peace Deal HopesThe Wall Street Journal
- The Dollar is Now Lower Than When the Iran War BeganThe Wall Street Journal
- Dollar softens as Middle East ceasefire holdsReuters