Summary

• Before the recent moves in the US dollar, currencies like the New Zealand dollar and especially the Australian dollar were already among the top performers, thanks to optimism around the Iran peace talks.
• The AUD/USD pair is also benefiting from renewed global risk appetite. Looking ahead, the focus is rapidly shifting to the critical Australian jobs report scheduled for later this evening.
• AUD/USD is rebounding quite strongly on its 50-day moving average, rebounding above 600 pips since.

By Elior Manier

In recent days, forex markets have seen a strong increase in activity, moving away from their earlier steady trends. The confirmation of Kevin Warsh as the next Federal Reserve Chair added volatility, but today’s trading is

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