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AUD to USD Forecast: How Geopolitical Uncertainties Impact the Australian Dollar
On Friday, the AUD/USD gained 0.22%. Following a 0.71% rally on Thursday, the Aussie dollar ended the day at $0.63835. The Aussie dollar fell to a low of $0.63123 before rising to a high of $0.64002. Geopolitical Tension Puts the Aussie Dollar Under Selling Pressure On Monday, the global financial markets will react to the risk of a broader Middle East conflict. Uncertainty about stability in the Middle East, oil, and supply chain disruptions, and the possible impact on the global economy will likely fuel demand for the US dollar. The Australian trade-to-GDP ratio is above 50%. An uncertain demand outlook and ... (full story)