The Australian Dollar climbs against the US Dollar as risk appetite improves after the US halts planned strikes on Iran.
The AUD/USD pair advanced to 0.7040 in early Asian trading on Monday, extending gains as risk sentiment strengthened. The move follows reports that US President Donald Trump canceled planned military strikes against Iran, reducing geopolitical tensions in the Middle East.
Prior to the announcement, the pair traded near 0.7000, reflecting cautious market sentiment amid escalating US-Iran rhetoric. The Australian Dollar, often sensitive to risk appetite, benefited from the shift in tone, though broader USD strength limited further upside.
Markets reacted positively to the de-escalation, with safe-haven assets retreating and riskier currencies gaining ground.