AUD/USD Falls to 0.6430 After US Military Action in Iran
Key Points
- The Australian dollar is struggling against geopolitical ten...
The Australian dollar just learned what it's like to be picked last for dodgeball. After three straight sessions of losses, the AUD/USD pair is now trading around 0.6430, proving once again that when geopolitical tensions spike, the Aussie dollar gets treated like a participation trophy.
President Trump's announcement that US forces have "obliterated" Iranian nuclear facilities has sent traders scrambling for their security blankets, also known as US dollars. Iran's predictable response—threatening to close the Strait of Hormuz—has added another layer of anxiety to markets already jittery abo...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.