Extends rally to June 2022 highs on weak USD

Extends rally to June 2022 highs on weak USD

The AUD/USD pair is seen building on the previous day’s bounce from the 0.7135 region, or the weekly low, and gaining strong follow-through positive traction for the second straight day on Wednesday. The momentum lifts spot prices to a fresh high since June 2022, closer to mid-0.7200s, during the Asian session, and is sponsored by […]

Project Freedom paused amid progress toward Iran agreement

Project Freedom paused amid progress toward Iran agreement

US President Donald Trump said that the US military will temporarily pause “Project Freedom” to restore freedom of navigation for commercial shipping through the Strait of Hormuz, the Guardian reported on Tuesday. Trump added that the decision was made at the request of Pakistan and other countries and follows what he called “tremendous military success” during […]