AUD/USD Declines Following Trump's Rejection of Iran's Response to Peace Talks Proposal
Deep News
May 11
The Australian dollar fell 0.4% against the U.S. dollar in early Monday trading, as prospects for U.S.-Iran peace deteriorated sharply. Trump stated that Iran's response to the peace talks proposal was "completely unacceptable"; Iran indicated it was indifferent. U.S. April non-farm payroll data exceeded expectations, adding 115,000 jobs. The Australian dollar has moved away from the lower Bollinger Band, but downward pressure persists. Australia's first-quarter Wage Price Index, to be released on Wednesday, will provide guidance on persistent services sector inflation.
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