AUD/USD Rebounds Toward 0.7250 Near Four-Year Highs as Iran Tensions, NFP Loom

AUD/USD holds above 0.7200 and extends rebound toward 0.7250 near four-year highs amid persistent Iran tensions and positioning ahead of Friday's US NFP (~200k jobs expected). The pair rocketed to multi-year peaks near 0.7270 on May 6 on US-Iran deal optimism, eclipsing strong ADP payrolls (+184k vs +150k exp.), after plunging to 0.6185 on May 4 from Middle East escalations and weak China PMI (49.8). RBA's hawkish 25bp hike to 4.35% on May 5, amid 5.4% YoY March inflation, underpins gains despite cautious guidance.