The Australian Dollar (AUD) edges lower against the US Dollar (USD) following the key economic data released on Thursday. Additionally, the risk-sensitive AUD/USD pair receives downward pressure as rising geopolitical tensions in the Middle East dampen the risk appetite.

The Israeli Broadcasting Authority (IBA) reported that Israel's security cabinet has decided to issue a strong response to the recent Iranian attack. On Tuesday night, Iran launched over 200 ballistic missiles and drone strikes on Israel.

Australia's Trade Balance for August stood at 5,644 million month-over-month, surpassing market expectations of 5,500 million and slightly higher than July's surplus of 5,636 million. However, both Exports and Imports declined by 0.2% month-over-month in August.(ayu)

Source: FXstreet