The Australian Dollar gains 0.33% as geopolitical tensions ease, reducing demand for the safe-haven US Dollar.
AUD/USD climbed to 0.7000 on Monday, marking a 0.33% increase for the day. The move follows a decline in geopolitical risks in the Middle East, which has weighed on the US Dollar as investors reduce safe-haven demand.
The pair’s advance builds on recent momentum, though it remains below key resistance levels seen earlier this month. Prior sessions had shown limited volatility, with traders awaiting fresh catalysts amid mixed economic signals from both the US and Australia.
Market reaction has been muted, with focus shifting to upcoming economic data releases expected later this week.