The arrow highlights when the first reports of Iran attacks hit and now AUD/USD has recouped a bit more than half of the drop.
There are no reports of casualties in Israel following the attacks, though information is limited.
For now, the market is taking a breather. The S&P 500 has trimmed the decline to 38 points and Treasury yields are now down 2-6 bps across the curve.
This article was written by Adam Button at www.forexlive.com.
