Australian Dollar softens below 0.7200 amid ongoing Middle East tensions
The post Australian Dollar softens below 0.7200 amid ongoing Middle East tensions appeared on BitcoinEthereumNews.com. The AUD/USD pair loses momentum to around 0.7180 during the early European trading hours on Monday. Rising tensions in the Middle East weigh on the riskier assets such as the Australian Dollar (AUD) against the US Dollar (USD). The US May ISM Manufacturing Purchasing Managers Index (PMI) report is due later on Monday. Kuwait’s armed forces said that the country’s air defense systems were intercepting hostile missile and drone attacks after air raid sirens sounded and emergency alerts were issued nationwide, the Guardian reported on Monday. Iranian Foreign Minister Abbas Araghchi said over the weekend that talks and message exchanges with the US were ongoing but highlighted that no assessment of negotiations could be made until a clear outcome was reached. Traders will closely watch the US May jobs data on Friday as the US Federal Reserve (Fed) officials signal that