The Australian dollar rose 0.40% to its highest level in two months as broad US dollar declines drove the move.
AUD/USD climbed to a 10-week high near 0.7100 on Monday, extending its recent recovery. The pair gained 0.40% for the day, supported almost entirely by a weaker US dollar rather than domestic factors.
The move follows a period of USD softness, with the Australian dollar benefiting from improved risk sentiment. Prior to this, AUD/USD had traded in a narrower range, struggling to break above key resistance levels.
No immediate market reaction was specified, but the shift reflects broader currency trends rather than Australia-specific developments.