The post AUD/USD’s recovery halts at 0.7060 as Trump vows to close Hormuz appeared on BitcoinEthereumNews.com.

The Australian Dollar (AUD) bounced at session lows to 0.6990 against the safe-haven US Dollar (USD) on Monday to close a previous trading gap in the area of 0.7055. The pair, however, is struggling to extend gains amid the weak market sentiment, following the failure of the US-Iran peace talks and US President Trump’s plan to close the Strait of Hormuz. The US President announced on Truth Social that he has ordered the US Navy to block any vessel trying to enter or leave Iran’s ports. This measure is highly likely aimed at China, the main recipient of Iran’s Oil, to pressure the Islamic Republic to soften its stance at further negotiations. Meanwhile, the two-week ceasefire remains in place, although Iran’s Revolutionary Guard has warned that the presence of foreign army vessels will be considered a violation of the truce, and that those ships will be “dealt with severely.” The macroeconomic calendar is practically empty on Monday. On Tuesday, the attention will shift to the US Producer Prices Index (PPI) data from March, which is expected to follow the line of Friday’0s Consumer Prices Index (CPI) figures and add pressure on the Federal Reserve (Fed) to hike interest rates at least once in 2026. In Australia, Tuesday’s Westpac Consumer Confidence data is likely to show the impact of the energy shock on Australian buyers. The highlight of the week, however, will be March’s employment report, which is expected to shed some more light on the Reserve Bank of Australia’s near-term monetary policy plans. Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The…

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Filed under: News - @ April 13, 2026 11:27 am