Weak Australian employment figures and geopolitical risks push the Australian Dollar down 0.28% against the US Dollar.
The Australian Dollar fell 0.28% to 0.7130 against the US Dollar in European trading, pressured by soft April labor market data and broader risk aversion. The currency underperformed most peers, with the largest decline against the British Pound.
S&P 500 futures dropped 0.4% to 7,400, reflecting a shift to risk-off sentiment. The US Dollar Index rose 0.12% to 99.25, supported by safe-haven demand. Iran’s Supreme Leader ordered the retention of near-weapons-grade uranium, complicating US negotiations and spurring market caution.
Earlier optimism from US President Donald Trump’s remarks on Wednesday faded as geopolitical tensions resurfaced, amplifying the AUD’s decline.