The Australian Dollar declines ahead of RBA minutes and US inflation data after US sanctions on Iran dampen market sentiment.
The Australian Dollar fell 0.28% against the USD to 0.7159 as risk appetite weakened following US sanctions on Iran-linked entities. The move targeted digital assets, technology, gold, aviation, and shipping sectors, pressuring global markets ahead of key economic releases.
Wall Street closed lower on Monday, while US Treasury Secretary Scott Bessent outlined a timeline for allies to cut ties with Iran. US data showed the Chicago Fed’s National Activity Index slipped to -0.08 in July, remaining near trend levels.
Markets now await the RBA’s meeting minutes and US Core PCE inflation data, with Fed Chair Kevin Warsh’s Jackson Hole speech also in focus. Australian markets will watch RBA’s David Jacobs for further policy cues.