The Australian dollar strengthened against other major currencies in the European session on Monday, on hopes of Iran war de-escalation.
According to some media reports, the US, Iran, and regional mediators are discussing a possible 45-day ceasefire that might result in a lasting end to the conflict.
The unnamed individuals stated that there is little prospect of an agreement being reached in the next 48 hours.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.