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AUD/USD, Crude Oil: China stimulus disappointment, Iranian headlines deliver downdraft
Already on the backfoot thanks to a lack of detail from China’s stimulus update over the weekend, the crude oil price and AUD/USD were hit with even greater headwinds late in the North American session on reports Israel is unlikely to attack Iranian energy assets in retaliation for a missile strike earlier this month. Citing two officials familiar with negotiations, the Washington Post reported Israeli Prime Minister Benjamin Netanyahu told US officials that Israel is prepared to strike Iranian military targets, rather than its energy or nuclear facilities. Crude crushed as geopolitical risk premium unwinds With a ... (full story)