Australian Dollar bounces back from eight-week lows amid a firmer US Dollar
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The Australian Dollar (AUD) rebounds from an eight-week low of 0.6456 reached last Friday. However, the AUD/USD pair faces obstacles as traders seek refuge in the US Dollar (USD) due to heightened tensions in the Middle East. The ASX 200 Index declined, reflecting investor concerns about a possible retaliatory response from Israel to Iran's attack. The US Dollar receives support as traders express concerns about a potential reaction from Israel following Iran's attack. The Australian Dollar may face further challenges as the ASX 200 Index declined, reflecting investor concerns about a possible retaliatory response from Israel to Iran's attack. The US Dollar receives support as traders express concerns about a potential reaction from Israel following Iran's attack. The Australian Dollar (AUD) rebounds on Monday from the eight-week low of 0.6456 reached last Friday. However, the AUD/USD pair encountered obstacles as traders sought refuge in the US Dollar (USD) amidst heightened tensions in the Middle East.
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