AUD/USD stabilizes above 200-day SMA as Iran strike contained, Powell testimony in focus

The Australian Dollar (AUD) is holding steady against the United States Dollar (USD) on Monday after markets absorbed fresh geopolitical tensions involving Iran. Risk sentiment briefly deteriorated following Tehran’s missile launch toward United States military bases in Qatar.
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Forex Today: Powell takes centre stage amid escalating Middle East jitters

The Greenback regained strong downside traction and dropped to four-day lows in response to dovish Fedspeak and despite solid safe-haven demand in light of the deterioration of the geopolitical landscape in the Middle East.
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