AUD up 0.3% amid US-Iran de-escalation
The Australian dollar is up 0.3% to start the week, trailing only the euro in G10 FX.
The currency’s low-key July uptrend remains intact after a rebound off 0.6965 support.
This week’s data, including the Fed meeting and US CPI, will decide the currency’s direction.
A soft US June CPI gave the Fed breathing space, but may carry less weight after recent oil moves and tariffs.