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fxJul 13, 2026, 4:21 PM

AUD/USD Dips to 0.6930 as US-Iran Tensions Boost Safe-Haven Dollar

The Australian Dollar fell against the US Dollar on Monday, retreating from 0.6950 to near 0.6930 as escalating US-Iran tensions drove demand for safe-haven assets.

AUDUSD

The AUD/USD pair traded lower on Monday, slipping to around 0.6930 from an opening level of 0.6950. The decline came as heightened geopolitical tensions between the United States and Iran fueled demand for the safe-haven US Dollar, putting pressure on the risk-sensitive Australian Dollar.

Market participants are closely watching developments in the Middle East, with any further escalation likely to keep the greenback supported and weigh on riskier currencies like the Aussie. The pair remains under pressure as risk appetite wanes amid the uncertainty.

Source: FXStreet Forex News