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Analyst: Prospects for a Middle East Peace Agreement Rise, Australian Dollar Rallies in Asian Session

Analyst: Prospects for a Middle East Peace Agreement Rise, Australian Dollar Rallies in Asian Session

金十金十2026/05/25 01:55
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Golden Ten Data reported on May 25 that boosted by the prospect of a Middle East peace agreement, the Australian dollar (AUD/USD) rose during the Asian session. Richard Franulovich, Head of Foreign Exchange Strategy at Westpac, commented, “While reports about an imminent US-Iran deal are mixed, there are clear signals indicating that a more substantial agreement framework is gradually taking shape.” However, he noted that for the Australian dollar to continue rising at this stage, “some tangible progress is still needed, including the signing of a formal framework agreement and the official announcement of the reopening of the Strait of Hormuz.” The analyst also stated, “An increase in oil tanker shipments through the Strait would open up space for the Australian dollar to reach new highs in 2026.”
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