AUD/USD rebounds above 0.6400 on mixed US PMI, dovish Fed Bowman

  • The Australian Dollar (AUD) reverses earlier losses and edges higher against the US Dollar (USD) on Monday, as traders reassess safe-haven flows following the United States' (US) launch of attacks on Iran over the weekend. The initial rush into the Greenback pushed the Aussie to a one-month low before a mixed batch of US Purchasing Managers Index (PMI) data helped temper US Dollar demand.