AUD/USD pair slides to 0.7980 region amid US-Iran tensions
The AUD/USD pair has slid to the 0.7980 region due to escalating US-Iran tensions.
The US Dollar has gained support from a combination of factors, including concerns about energy-driven inflation and bets for a US Federal Reserve rate hike in 2026.
The US has stepped up its attacks on Iran, carrying out a sixth consecutive night of air strikes, while Iran has responded by attacking US military facilities, raising fears of a return to all-out war.