AUD/USD rises to new weekly maximums above 0.6500 in the middle of a feeling of appetite for risk

• The Australian dollar has appreciated more than 2.3% for the appetite for risk.
• The hopes of peace in the Middle East have made the safe shelters and the US dollar fall.
• Today’s approach is in the president of the Fed, Powell, as calls increase for a feature cut.

The Australian dollar is one of the best performances among the main currencies on Tuesday. Aussie has risen more than 2.3% since Monday’s minimums, driven by a greater appetite for risk after high fire between Iran and Israel, reaching maximum one week, above 0.6500.

The president of the USA, Trump, increased the optimism of investors on Monday, announcing an agreement between Israel and Iran to cease all hostilities. The oil collapsed with the news, and the safe refuge assets such as the US dollar fell for the benefit of currencies perceived as riskier, such as the AUD.

The Fed returns to the focus

Beyond that, the Vice President of Supervision of the Fed, Michelle Bowman, said that the effect of tariffs on inflation will probably be less than expected and that the bank should consider cutting the interest rates as soon as in July.

These comments reflect the opinions expressed by Christopher Waller on Friday and highlight a divergence in the Federal Reserve Committee. Investors have increased the betting bets of fees in the coming months, which is adding pressure on the US dollar
Business activity in Australia improves.

In this context, today’s approach is in the president of the FED, Powell, who will have to defend his policy of waiting and seeing in his testimony before Congress, scheduled for later today. Investors will be looking for signs of a change of tone confirming the hopes of more rate cuts in July or September.