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Published: 2024-08-12T05:21:38.000Z

AUD/USD flows: Geopolitical tension resurface

byCephas Kin Long Yung

FX Analyst
4

Israel placed on High Alert as indications suggesting imminent Iran attack

US Abraham Lincoln Carrier Strike Group accelerating towards Middle East

The USD is opening broadly higher on Monday and see major USD pairs opened with a gap in favor of the greenback. Over the weekend, Israel was placed on High Alert as indications suggesting imminent Iran attack and US Abraham Lincoln Carrier Strike Group accelerating towards Middle East. It seems to be the retaliation from the previous assassination by Israel. The broa risk space does not seem to be bothered with major equity indexes in the green.

AUD/USD has closed the minor opening gap and is trading 0.15% higher at 0.6581.

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Topics
Foreign Exchange
Flows
AUD/USD-Commentary

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