AUD/USD Stuck in Neutral Near 5-Month High
The AUD/USD currency pair is consolidating just below its highest level since mid-May, hovering around 0.7200 at the start of a new week.
Hawkish RBA expectations continue to support the Australian dollar, while the upbeat US NFP report lifted Fed rate hike bets and boosted the safe-haven US Dollar.
This mixed environment is keeping the currency pair in check, with no significant movements observed so far.