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fxJun 5, 2026, 2:13 AM

AUD/USD Slips Toward 0.7120 Amid Cautious Market Mood

The Australian Dollar weakened against the US Dollar, trading near 0.7120 in early European trading on Friday. Cautious sentiment and the ongoing Middle East conflict weighed on the AUD despite the RBA's hawkish stance.

AUDUSD

The AUD/USD pair edged lower during the early European session on Friday, falling to around 0.7120 after losing ground below the 0.7150 level earlier. The Australian Dollar softened against the US Dollar as a cautious mood prevailed in the market, compounded by the ongoing conflict in the Middle East.

Traders are now turning their attention to the US May employment report, which is scheduled for release later in the day. The data could provide further direction for the pair, with markets also digesting the Reserve Bank of Australia's relatively hawkish policy stance.

Source: FXStreet Forex News