AUD Falls to 0.7100 as US Dollar Sentiment Improves
The Australian Dollar (AUD) began the week on a negative note, pushing AUD/USD to levels near 0.7100.
This is the second consecutive day of losses for the pair, which follows improved sentiment around the US Dollar in the context of a marginal correction in US Treasury yields.
The Reserve Bank of Australia's (RBA) hawkish policy bias and elevated domestic inflation continue to support the AUD/USD's positive stance.