The Australian dollar has rallied nearly 10% from its 2025 lows, but now comes its biggest test of the year. The Reserve Bank of Australia is widely expected to raise rates for the third time in 2026, a move that could keep AUD supported. But with direct U.S.-Iran military clashes back in play and Friday’s U.S. jobs report still ahead, can the Aussie keep climbing? Or will external risks knock it back down?
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