AUD/USD drops 0.35% amid mixed market sentiment and rising US Treasury yields, focus on key US and Australian data releases.
Anticipation for Fed speeches and economic reports such as Durable Goods Orders and Consumer Confidence to influence rate cut expectations.
Australian Dollar pressured from declining iron ore prices and forthcoming data on inflation, housing, and retail sales.
The AUD/USD slid 0.35% on Monday amid a mixed market mood and a rise in US Treasury bond yields. Investors bracing for the release of crucial economic data in the United States (US) and Australia were the main reason behind the pair’s price action, even though the Greenback posted solid losses. Nevertheless, as the Asian session begins, the pair exchanges hands at 0.6538, down 0.03%.
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