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fxAug 2, 2026, 11:32 PM

AUD/USD Climbs Toward 0.7050 on Easing Iran Tensions

The Australian dollar advanced against the greenback in early Asian trading Monday, buoyed by improved risk appetite after the US held back on strikes against Iran.

AUDUSD

The AUD/USD pair rose to around 0.7040 during the early Asian session, extending gains toward the 0.7050 area. The move came amid a broader pickup in risk sentiment.

Sentiment improved following reports that President Trump decided against immediate military action against Iran. The pullback in geopolitical tension reduced demand for the safe-haven US dollar, lifting the Australian currency.

The Aussie’s strength reflects its sensitivity to global risk appetite, with traders reacting to the de-escalation narrative.

Source: FXStreet Forex News