AUD/USD Price Forecast: Approaches YTD top amid Iran diplomacy hopes, RBA-Fed divergence

The AUD/USD pair attracts buyers for the third straight day – also marking the seventh day of a positive move in the previous eight – and climbs to over a one-month high during the first half of the European session on Wednesday. AUD/USD continues scaling higher on Wednesday and climbs to over a one-month peak.Hopes for Iran diplomacy… The AUD/USD pair attracts buyers for the third straight day – also marking the seventh day of a positive move in the previous eight – and climbs to over a one-month high during the first half of the European session on Wednesday. AUD/USD continues scaling higher on Wednesday and climbs to over a one-month peak.Hopes for Iran diplomacy underpin the Aussie amid the divergent RBA-Fed expectations.Hormuz risks offer some support to the USD and could act as a headwind for spot prices.The AUD/USD pair attracts buyers for the third straight day – also marking the seventh day of a positive move in the previous eight – and climbs to over a one-month… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.