Australian Dollar firms as hawkish RBA, Iran talks cap USD gains
The post Australian Dollar firms as hawkish RBA, Iran talks cap USD gains appeared on BitcoinEthereumNews.com. AUD/USD trades around 0.6950 on Friday at the time of writing, up 0.10% on the day after reaching a more than two-week high earlier in the day. The pair gives back part of its gains as investors remain caught between a weaker US Dollar (USD) and lingering factors supporting the Greenback. The Australian Dollar (AUD) benefits from the weakness of the US Dollar, driven by expectations of easing tensions in the Middle East. US President Donald Trump said that Iran had reached out to seek an agreement with Washington, while a White House official confirmed that technical talks on Iran’s nuclear program and the Strait of Hormuz are continuing. However, geopolitical concerns remain elevated following recent US strikes against Iranian targets and Tehran’s retaliatory attacks on American interests across the region. At the same time, markets continue to price in at least one interest