Australian Dollar climbs as Iral deal hopes, weak US GDP sinks USD

The Australian Dollar advances some 0.25% on Thursday on reports that Iran and the US reached a deal, as economic data in the US revealed that the economy grew at a slower pace than projected. At the time of writing, the AUD/USD trades at 0.7158, after bouncing off daily lows of 0.7097.
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Forex Today: German flash CPI and… the end of the US-Iran war?

The Greenback resumed its decline on Thursday, coming under sudden selling pressure in the wake of news citing the US and Iran have clinched a deal that could eventually end the conflict in the Middle East.
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