US Dollar, AUD/USD and EUR/USD Analysis: The Greenback's two-month Petrodollar rally takes a massive hit as an unexpected US-Iran ceasefire agreement shatters war-driven demand. Yesterday's truce headline sent the Dollar Index tumbling.
AUD/USD eases below 0.7050 as the market digests the ceasefire in Iran
On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from 0.6860. The Aussie Dollar was able to clear 0.6900 to move into a positive zone against the US Dollar.
AUD/USD Price Forecast: Aims to revisit multi-year high of 0.7190
AUD/USD surges past 0.7050 as Trump suspends Iran strikes for two weeks
AUD/USD edges higher as ceasefire hopes lift risk appetite ahead of deadline
AUD/USD Price Forecast: Bulls test 0.6950 resistance after rebound from 100-day SMA
AUD/NZD: Diverging flows and policy risks – BNY
AUD/USD recovery stalls below 0.6950 with all eyes on the Iran war
AUD/USD: Capped rebound within broader range – UOB
AUD/USD Price Forecast: Wobbles around 0.6900 ahead of Iran's response to Trump's ultimatum
The deadline for Iran to reopen the Strait of Hormuz is today's defining risk event for AUD/USD, with Trump warning of strikes on Iranian power plants and bridges if it isn't met by 8pm US eastern time on Tuesday, a scenario that would mark a clear escalation and raise the risk of prolonged disruption to energy supply. That risk continues to overwhelm a domestic economic backdrop that would normally be supportive for the Aussie.