AUD/USD remains skewed to the downside amid hawkish Fed risks, dovish RBA prospects

Risk of dovish BoJ hike and hawkish Fed keeps USD/JPY skewed to the upside

AUD/USD is at risk of a big selloff amid weakening Australia's data, more hawkish Fed

EUR/USD at risk of another selloff as ECB unlikely to endorse market pricing

AUD/USD remains stuck in a range as RBA signals a pause and US-Iran stalemate extends

The desk sees AUD/USD remaining rangebound as geopolitical tensions and central bank signals create a cautious environment. Per the full note [source], the US dollar has gained support amid escalating tensions in the Strait of Hormuz, while the RBA's recent pause in rate hikes has left the Australian dollar vulnerable. With the Fed's shift away from an easing bias and the RBA's more neutral stance, the market is positioned for potential volatility as economic data releases loom. Upcoming US data, particularly the NFP report, could serve as a catalyst for movement in the pair.