AUD/USD slips to two-day low of 0.7134
The Australian Dollar edged down 0.30% on Monday due to heightened geopolitical risks.
The US Dollar Index rose 0.24% to 99.18, driven by increased tensions between the US and Iran.
The AUD/USD pair was also impacted by stronger US factory data, with the ISM Manufacturing PMI rising to 54.0 in May.
Oil prices surged over 5%, with WTI clearing the $92.00 barrier, further supporting the US Dollar