AUD/USD Consolidates Near 0.7200 Amid Mixed Market Cues
The AUD/USD currency pair has been consolidating at around 0.7200 after touching its highest level since mid-May on Friday.
This stability comes amid mixed cues, with hawkish Reserve Bank of Australia (RBA) expectations supporting the Aussie dollar.
In contrast, the upbeat US Non-Farm Payroll (NFP) report has lifted bets for a Federal Reserve rate hike, which, combined with escalating US-Iran tensions, is underpinning the safe-haven US Dollar and capping the currency pair's growth.