Published: 2024-02-02T04:59:04.000Z
AUD/USD flows: Following the rebound sentiment
FX Analyst
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US media reported that U.S. President Joe Biden has approved plans for several days of strikes on targets that include "Iranian personnel and facilities" in both Iraq and Syria.
North Korea has fired several cruise missiles off its west coast
While geopolitical tension looks likely to escalate over the weekend as U.S. is expected to conduction military action against Iran, risk asset does not seem to be particularly taking a hit. Instead, the hope of a cease fire between Israel and Hamas had driven equity significantly higher in the second half of Thursday.
With USD staying low and commodity steady, the AUD/USD is leading the pack with a 0.35% gains to trade at 0.6595.