{
  "id": 245830,
  "title": "Australian Dollar bulls remains on the sidelines as Iran risks support USD ahead of US NFP",
  "url": "https://urgent.news/2026/08/07/australian-dollar-bulls-remains-on-the-sidelines-as-iran-risks",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-07T02:17:21.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/australian-dollar-bulls-remains-on-the-sidelines-as-iran-risks-support-usd-ahead-of-us-nfp-202608070217"
  },
  "original_language": "en",
  "account": "The AUD/USD pair remains stable around 0.7030-0.7025 during the Asian session on Friday, as traders wait for the upcoming US Nonfarm Payrolls (NFP) report. However, the pair has failed to capitalize on the previous day's retracement from the June 17 peak and is expected to end the week flat amid mixed signals. The hope for a US-Iran peace deal appears to have diminished, as Iran is reportedly considering a plan to restrict US and Israeli vessels in the Strait of Hormuz. If implemented, this would penalize nations that have harmed Iran and increase the risk premium, supporting the US Dollar (USD) and keeping the AUD/USD pair under pressure. Meanwhile, Iran's Houthi allies in Yemen attacked a Saudi tanker in the Red Sea, raising concerns about potential disruptions to energy supplies, which could trigger inflation and further bolster expectations of a US rate hike. This, combined with a possible rate hike by the Reserve Bank of Australia (RBA) at its upcoming 11 August meeting, continues to weigh on the AUD/USD pair. Analysts at Standard Chartered predict that the RBA will maintain its cash rate at 4.35% in its 11 August meeting, citing steady Q2 trimmed mean inflation at 0.8% quarter-over-quarter, which is below their prior forecast of 0.9%. This could signal that the RBA may not tighten policy further in the near term. The AUD/USD pair is currently consolidating between its 200-day Simple Moving Average (SMA) at 0.6923 and 100-day SMA at 0.7052, indicating a neutral near-term bias and a range-bound sentiment.",
  "summary": "The AUD/USD pair steadies around the 0.7030-0.7025 region during the Asian session on Friday as traders opt to wait for the release of the closely watched US monthly employment details before placing fresh directional bets.",
  "key_points": [
    "AUD/USD pair stable around 0.7030-0.7025 amid US NFP anticipation",
    "Iran may restrict US/Israeli vessels, penalizing nations, supporting USD",
    "RBA likely maintains 4.35% cash rate at Aug meeting, per Standard Chartered"
  ],
  "editors_take": "Escalating Iran tensions and potential US rate hike expectations are set to keep the Australian dollar under pressure, while a predicted pause by the Reserve Bank of Australia may also limit its gains.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Euro remains stronger against Canadian Dollar as German Industrial output beats forecasts",
        "url": "https://urgent.news/2026/08/07/euro-remains-stronger-against-canadian-dollar-as-german-industrial",
        "published": "2026-08-07T08:03:20.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}