• AUD/USD up to 0.6513 as safe-haven USD falls on Iran-Israel ceasefire news

• 0.6513 is highest level since June 18 (0.6373 was Monday's six-week low)

• The 0.6500 level is now a support point (0.6495 was Friday's high)

• There is a big 0.6500 option expiry on Thursday; A$2 billion strike

• Australian May inflation data due at 0130 GMT; weighted CPI f/c 2.3% YY

• Trump says U.S. interest rates should be at least two to three points lower

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(Robert Howard is a Reuters market analyst. The views expressed are his own)