• AUD/USD rises to 0.7071 as Asian stock gains buoy risk-sensitive AUD

• Kospi closes up 8.18%. 0.7071 is seven pips shy of Monday's peak

• Monday's peak was scaled after Iran and Israel halted attacks on each other

• 0.7016 was Monday's two-month low, as Asian stock losses weighed on AUD

• Friday's high was 0.7144 - before USD jumped on strong U.S. jobs data

• RBA rate hold expected next week (June 16), before Warsh chairs first Fed meeting

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