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AUD/USD HOVERS BELOW 0.6500 WEEKLY LOWS AMID STRONG US DATA, RBA IN FOCUS

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  • AUD/USD stays at 0.6490, pressured by surging US Treasury yields and a strengthening US economic outlook.
  • Mixed manufacturing PMI readings highlight contrasting economic narratives between the US and Australia.
  • Upcoming RBA minutes and comments from central bank officials to offer insights into Australia's monetary policy trajectory.

On Monday, the Australian Dollar registered losses of 0.4% against the US Dollar, sponsored by an improvement in business activity in the United States (US). However, with the Tuesday Asian session beginning, the AUD/USD is virtually unchanged at 0.6490, near the weekly lows at the time of writing.


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