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AUD/USD weekly outlook: Geopolitical risks, AU and US inflation in focus
We head into this coming week with the potential for Middle East headlines to dominate sentiment. Reports of Iranian missiles striking a location in Iran of Friday saw oil and gold prices spike, safe-haven flows move into the Swiss franc and indices fall alongside the Australian dollar. Sure, AUD/USD rebounded recouped all of its losses once it was confirmed that the missile strike had not hit a nuclear facility, but it serves as a clear reminder that markets can move quickly during bouts of risk off, and usually driven by panic as the worst is assumed until told otherwise. Therefore, headline risks should be at the ... (full story)