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fxAug 10, 2026, 3:15 AM

Australian Dollar Slips as Safe-Haven Flows Boost US Dollar

AUD/USD inched lower during Monday's Asian session, erasing the prior day's modest gains as risk aversion lifted the safe-haven US dollar.

AUDUSD

The Australian dollar retreated against the US dollar on Monday, with AUD/USD trading around 0.7060 during Asian hours. The move lower came despite the pair notching modest gains in the previous session.

Broad risk-off sentiment supported the greenback, as demand for the safe-haven currency picked up. The shift in mood weighed on the risk-sensitive Aussie.

Source: FXStreet Forex News