{
  "id": 724169,
  "title": "0.7050: Australian Dollar stuck in a range as Iran risks offset hawkish RBA",
  "url": "https://urgent.news/2026/08/13/0-7050-australian-dollar-stuck-in-a-range-as-iran-risks-offset",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-13T02:14:40.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/07050-australian-dollar-stuck-in-a-range-as-iran-risks-offset-hawkish-rba-202608130214"
  },
  "original_language": "en",
  "account": "The Australian Dollar (AUD) remains contained within a familiar range around 0.7050 on Thursday, as the US Dollar struggles to benefit from a solid rebound on Wednesday. This stability is attributed to moderating inflation in the US, which dampens expectations of an immediate interest rate hike by the Federal Reserve (Fed), thus aiding the Australian Dollar. The Reserve Bank of Australia (RBA) has taken a hawkish stance, indicating a readiness to raise interest rates again if inflation does not show sufficient signs of decline. This outlook provides a tailwind for the AUD. However, investors remain concerned about inflation risks due to the US-Iran conflict, which keeps geopolitical risks in play and bolsters the US Dollar (USD), ultimately capping the AUD/USD pair. The current range-bound price action around 0.7050 suggests waiting for further buying before positioning for an extension of the ongoing uptrend. As market focus turns to US economic data, including the Producer Price Index (PPI) and Weekly Initial Jobless Claims, as well as FOMC members' speeches, traders will gauge USD demand. The AUD/USD pair maintains a mildly bullish near-term bias near the 100-day Simple Moving Average (SMA) at 0.7056, but caution is advised due to the lack of significant buying interest. On the downside, a breach of the 100-day SMA could undermine the positive sentiment and expose the recent lows near 0.7000/0.6950.",
  "summary": "The AUD/USD pair holds steady during the Asian session on Thursday and, for now, seems to have stalled the previous day's retracement slide from its highest level since June 5.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}