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fxJul 21, 2026, 10:59 AM

Australian Dollar Hits Fresh Monthly Highs Above 0.7020

The Australian Dollar rose to a one-month high above 0.7020 against the US Dollar on Tuesday, supported by ebbing risk aversion and hopes for a ceasefire.

AUDUSD

The Australian Dollar (AUD) outperformed major peers on Tuesday, climbing to fresh one-month highs above the 0.7020 mark against the US Dollar. The move was attributed to a broad easing of risk aversion in financial markets, alongside growing optimism over a potential ceasefire.

Traders pared safe-haven positions, lifting risk-sensitive currencies like the AUD. The pair's advance marks the highest level in a month, though further upside may hinge on developments surrounding geopolitical tensions.

Source: FXStreet Forex News