The risk-on impulse undermined the safe-haven USD and benefitted the perceived riskier aussie.The AUD/USD pair
Investors turned optimistic on the first day of a new week after US President Joe Biden and his Russian counterpart Vladimir Putin agreed in principle to hold a summit on the Ukraine crisis. This, in turn, provided a goodish lift to the global risk sentiment, which prompted fresh selling around the safe-havenAdding to this, upbeat Australian PMI prints provided an additional boost to the domestic currency and remained supportive of the AUD/USD pair intraday move up.