AUD/USD pair recovers slightly from a two-month low amid geopolitical risks and a strong USD.

The AUD/USD pair recovers from a two-month low after a modest uptick, but gains seem limited amid geopolitical risks and a bullish USD. The US dollar held its largest weekly gain since 2022 due to escalating Middle East conflicts and persistently high US interest rates. The Australian dollar (AUD) increased slightly to US$0.6475 after briefly touching a two-month low of US$0.6455, while the kiwi (NZD) nudged 0.2% higher to US$0.5946.

April 15, 2024
3 Articles