The Australian dollar (AUD) depreciated against the US dollar (USD) on Monday (6/23), extending its losses for the third straight session. The AUD/USD pair remained weaker amid weaker risk sentiment, driven by escalating Middle East tensions.
US President Donald Trump announced late Saturday that he had "obliterated" three Iranian nuclear facilities, including Fordow, Natanz, and Isfahan, in overnight strikes, coordinated with Israeli strikes. Iran's parliament approved the move to close the strait. Iran has threatened to close the strait in the past but has never followed through, according to Reuters.
S&P Global reported that the preliminary Australian Manufacturing Purchasing Managers' Index (PMI) remained consistent at 51.0 in June. Meanwhile, the Services PMI edged up to 51.3 from 50.6 previously, while the Composite PMI improved to 51.2 in June from 50.5 previously. (alg)
Source: FXstreet
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