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Forex

AUD/USD Flat as Oil Prices Rise Amid Middle East Tensions

Guavy AI Editorial Team
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USD AUD
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The Australian Dollar traded flat on Monday at 0.7165 as a spike in oil prices due to Middle East tensions pushed US Treasury yields higher, but not the Greenback.

This move came after the US and Iran exchanged strikes, indicating that a swift resolution is unlikely in the short term, according to President Trump's promise to retaliate.

Last week, hawkish comments by Fed Chair Kevin Warsh weighed on the Aussie Dollar, proposing its recovery. However, Monday's economic docket was quiet with only the release of the Dallas Fed manufacturing survey exceeding estimates in August.

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