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Aussie dollar slips as haven demand lifts USD amid Middle East tensions
AUD/USD was last around 0.7146 after US data and rising Treasury yields supported the dollar, with investors also watching upcoming jobs reports and Australia’s second-quarter GDP.
Australia’s Aussie dollar fell versus the US dollar on Tuesday, with AUD/USD slipping about 0.29% as the escalation of the Middle East conflict boosted demand for the Greenback as a haven, FXStreet reported. The pair was trading around 0.7146.
The move came alongside firmer US rates, with the 10-year Treasury yield up by more than 4 basis points to 4.796% as energy prices rose due to the situation in the Strait of Hormuz. FXStreet also tied the rate outlook to a growing probability, citing Prime Terminal, of roughly a 72% chance of a 25 basis point Federal Reserve hike.
In the US calendar, JOLTS job openings for July rose to 7.27 million, below estimates, and ISM Manufacturing PMI eased from 55.6 to 54.6 in August. FXStreet said attention now turns to additional jobs data including Challenger Job Cuts, Initial Jobless Claims, and the August Nonfarm Payrolls report.
For Australia, the next focus is Wednesday’s second-quarter 2026 GDP release, with expectations for growth of 0.3% quarter over quarter and a slowdown on an annual basis from 2.5% to 1.8% year over year. FXStreet added that AUD/USD was holding a mildly bullish near term technical posture while it stays above the 50-, 100-, and 200-day moving averages clustered near 0.7021.