Forex
AUD Tumbles as Tech Weakness and Oil Risks Weigh on Sentiment
The Australian Dollar (AUD) suffered losses of over 0.73% on Monday due to a combination of factors, including a decline in technology shares and increased tensions in the Middle East.
The AUD/USD traded at 0.7118, down from its high of 0.7168, as investors sought safe-haven assets amid heightened geopolitical risks.
US interest rates also played a role, with the 10-year Treasury bond yield breaching the 5% mark, which boosted the US Dollar (USD).