The AUD/USD pair remained under pressure on Monday as geopolitical tensions rose and as traders reacted to last week’s Australia’s jobs report. It was trading at 0.7128 as focus shifts to the closely-watched inflation report.
Weekly Forex Forecast for 24–29 May 2026 on AUD/USD, major stock indices and Brent Crude, with analysis of falling inflation, elevated bond yields and the impact of the emerging US–Iran deal on risk assets and volatility.