The US Dollar continues to see a lot of buyers overall, as the Japanese yen is now in a situation where it cannot seem to get some kind of help at this point. The interest rate differential will continue to be a major force in this market.
The US Dollar fell initially during the Friday session, as the newswires reported that Israel had hit Iran with some kind of attack. Traders ran to the yen for safety, but since then we have seen the market turn around and head back to the greenback.
The week for the AUD/USD pair has been one sideways noise, especially as the geopolitical risks continue to take front and center stage for people’s attention.
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