AUD/USD edges higher during the Asian session on Thursday as the US Dollar retreats from its highest level since late March, touched in reaction to the Fed’s hawkish tilt the previous day. The US and Iran signed a MoU aimed at ending the war and reopening the Strait of Hormuz, boosting investors’ confidence and undermining the safe-haven USD. Furthermore, the RBA’s signal that additional rate hikes remain possible, if inflation persists, acts as a tailwind for the Aussie.
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