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AUD Surges on Trump's Canceled Iran Strikes, RBA Hawkish Tone Lingers

Guavy AI Editorial Team
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USD AUD
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The Australian Dollar (AUD) has strengthened to near 0.7040 against the US Dollar (USD) in early Asian trading on Monday, following reports that President Donald Trump canceled planned military strikes against Iran.

This move was seen as a positive development for riskier assets like the AUD, which benefits from improved risk sentiment.

However, uncertainty remains high as Iranian officials have disputed Trump's claim that Tehran had requested a pause in the strikes.

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