Dollar continues to press higher to start the new week
AUD/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
UOB | Bearish | 0.7120 |
Bank of America | Bullish | 0.7000 |
Rabobank | Bullish | 0.7200 |
All 23 desk targets for AUD/USD
From the original
The US and Iran framework agreement remains fragile at best and as seen from the weekend, it can all fall apart at any point in time. There is some progress in talks in Switzerland but until we do see some real evidence of progress, it's hard to imagine things actually getting be
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4 itemsDollar drifts lower as oil prices and bond yields slide on US-Iran hope
Dollar eases slightly on the day as risk mood holds steadier
The dollar is experiencing a slight pullback as traders await developments in the US-Iran conflict, which is keeping market sentiment relatively stable. Per the full note from Justin Low at investinglive.com, the lack of new information has resulted in a cautious optimism among traders, with the dollar easing slightly while major currencies like the euro and pound gain modestly. This sentiment is reflected in the bond market, where persistent inflation concerns are limiting the dollar's decline. As traders assess the potential for a framework deal regarding the Strait of Hormuz, the dollar's movements remain muted, with EUR/USD hovering near 1.1760, indicating a balance between risk appetite and geopolitical caution.
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