The Australian Dollar Declines as US Dollar Stays Strong
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The Australian Dollar declines as the US Dollar holds steady amid rising geopolitical tensions FUNDAMENTAL OVERVIEW: The Australian Dollar weakens as the US Dollar strengthens amid escalating geopolitical tensions. RBA Assistant Governor Sarah Hunter stressed that the central bank would adopt a cautious approach toward future rate cuts. Meanwhile, US economic data heightened investor concerns, as February’s Retail Sales fell short of expectations. The Australian Dollar (AUD) declines as the US Dollar rebounds amid escalating geopolitical tensions in the Middle East. Market sentiment remains unsettled as the US reiterates its commitment to striking Yemen’s Houthis until they cease attacks on Red Sea shipping. On Monday, former President Donald Trump warned that he would hold Iran accountable for any assaults by the Houthi group it backs in Yemen. Since Trump’s return to office, his administration has expanded the largest US military operation in the Middle East. The AUD/USD pair ...