// COMPARE

AUD/USD rallied to 0.7166 (+0.47%), the best G10 performer as oil-stress easing lifted commodity currencies and the dollar's geopolitical bid faded.

Aussie trades as a risk-on / China-proxy basket — with S&P 500 at fresh records and Hormuz tail risk fading, the pair gets a clean tailwind. RBA hawkish hold last week still underpins.

China PMI data over the weekend is the next test. Resistance 0.7200 (psychological); support 0.7120. A risk-off reversal on fresh Iran headlines could quickly reprice the entire move.

Microsoft surged 3.47% to $426.99, the day's mega-cap leader on a multibillion-dollar Pentagon software deal report from Dell. Azure/AI demand stack stays in play.

MSFT is monetizing every AI angle — government, enterprise, OpenAI partnership. The Pentagon deal validates Azure's defense vertical, the highest-margin durable revenue stream available to a hyperscaler.

Whether the deal headline gets confirmed/expanded. $430 is the breakout level; clean print opens $440. Support $420. AI capex commentary from peers will matter into next earnings.