The AUD/USD pair climbs to a four day high during the early North American session. The bulls are now eyeing a move towards reclaiming the 0.7000 psychological mark.
The USD meets with a fresh supply on the first day of a new week. This erodes a part of Friday’s post NFP strong gains, which, in turn, acts as a tailwind for the AUD/USD pair.
The US dollar weakness could be attributed to a fresh leg down in the US treasury bond yields.
Apart from this, the risk on impulse further seems to undermine the safe-haven greenback and benefit the risk sensitive Aussie.
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