π Aussie Dollar hits multi-month high on risk-on mood
The Aussie Dollar (AUD/USD) climbed to a fresh multi-month high early Friday. This upward move was fueled by a rise in risk-on sentiment after the US shifted focus to Iran's economic measures. The price action built on midweek momentum generated by weakness in the Greenback currency. Currently, the market faces a decision on whether the rally can sustain through the latter half of August. Japanese investors have been actively purchasing foreign assets, amounting to around $36.5 bln in the first two weeks of August.