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fxJun 22, 2026, 5:01 AM

AUD/USD Weakens Near 0.7000 on Middle East Uncertainty

The Australian Dollar edged lower to around 0.7005 on Monday as risk-off sentiment weighed, with traders monitoring US-Iran peace deal developments.

AUDUSD

The AUD/USD pair slipped to near 0.7005 during early European trading on Monday, pressured by risk aversion. Market participants remain cautious amid fresh threats from US President Donald Trump regarding the US-Iran peace deal, which have reignited doubts about stability in the Middle East.

Traders are closely watching further cues on geopolitical tensions, with the Australian dollar remaining vulnerable to shifts in risk appetite. A clear break below the 0.7000 psychological level could open the door for further downside.

Source: FXStreet Forex News