Australian Dollar weakens below 0.7100 on Middle East uncertainties

Australian Dollar weakens below 0.7100 on Middle East uncertainties

The AUD/USD pair loses momentum to near 0.7095 during the early Asian trading hours on Wednesday. Geopolitical uncertainties and elevated crude oil prices weigh on the Australian Dollar (AUD) against the US Dollar (USD). Traders will closely monitor the release of the Australian April employment report, which is due on Thursday.  US President Donald Trump […]

US Dollar rallies on strong ADP jobs data and Trump’s Iran remarks

US Dollar rallies on strong ADP jobs data and Trump’s Iran remarks

Here is what you need to know for Wednesday, May 20: The US Dollar Index (DXY) strengthens toward the 99.30 region after the latest ADP employment report showed US private employers added 42,250 jobs on average over the previous four weeks, marking the strongest reading since the weekly series began in October 2025. Meanwhile, United […]