AUD Strength Contrasts with USD Rise as Risk Sentiment Improves

The US Dollar Index is rising again after the weekend, causing the EUR and GBP to weaken against it. However, the Australian Dollar is performing better than expected, indicating improving risk sentiment.

This week's market calendar includes a few key events that could impact markets. The Australian RBA Governor Bullock will deliver a speech on Tuesday, while the unemployment rate in Australia will be released on Thursday. The SNB Policy Rate decision will also take place on Thursday.

The S&P 500 and Nasdaq are moving higher, but the Dow Jones and DAX are lagging behind. Oil prices have dropped below $94, which may ease some pressure on inflation expectations. Crypto markets are also positive, with Bitcoin increasing in value and most altcoins following suit.