empty
 
 

07.04.202601:55:15UTC+00Aussie Dollar Remains Subdued

The Australian dollar held weak near $0.690, hovering around two-month lows as investors turned cautious ahead of US President Trump’s deadline related to the Strait of Hormuz. Washington set a firm timetable for Iran to reopen the Gulf to commercial shipping or face potential strikes on critical infrastructure if its demands are not met.

Escalating risks of disruption at this key oil chokepoint have driven energy prices sharply higher and strengthened demand for the US dollar as a safe-haven asset. Expectations of a possible last-minute diplomatic breakthrough have limited further losses in the Australian currency, but overall sentiment remained fragile, with traders closely focused on the 8 p.m. Eastern Time deadline.

On the domestic front, data pointed to a sharp deterioration in economic activity. Australia’s S&P Global PMI slipped into contraction in March for the first time in about 18 months. The services PMI dropped to 46.3 from 52.8, while the composite index fell to 46.6, signaling weakening private-sector conditions amid heightened geopolitical tensions and rising fuel costs.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback