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Dollar steady as Middle East tensions persist; Aussie dollar rises

Original: Dollar treads water as Middle East tensions simmer; Aussie buoyed by hawkish RBA

The US dollar held steady in quiet trading as tensions in the Middle East continued to weigh on market sentiment. The Australian dollar gained ground after the Reserve Bank of Australia struck a hawkish tone, reinforcing expectations of a firmer monetary policy stance. Traders are balancing safe-haven demand driven by geopolitical risk against shifting central bank expectations.

Why now: Geopolitical risk in the Middle East and a hawkish RBA are moving currency markets.

US dollarReserve Bank of AustraliaAustralian dollarMiddle East

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Evidence

• Dollar treads water as Middle East tensions simmer; Aussie buoyed by hawkish RBA · Reuters

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