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fxJun 7, 2026, 11:16 PM

AUD/USD Falls to 0.7035 on Middle East Tensions, Strong US Jobs Data

The AUD/USD pair weakened to near 0.7035 in early Asian trading as escalating Middle East tensions and a stronger-than-expected US jobs report boosted demand for the US dollar.

AUDUSD

The Australian Dollar continued its decline against the US Dollar on Monday, with the AUD/USD pair trading around 0.7035 during the early Asian session.

Selling pressure on the Aussie stems from two key factors: rising geopolitical risks in the Middle East and a robust US jobs report that surprised to the upside, reinforcing the dollar's strength.

No additional details were provided in the source regarding specific data points or further catalysts.

  • Market participants remain focused on developments in the Middle East and any further US economic releases that could influence Fed policy expectations.

Source: FXStreet Forex News