Further sideways trading in Australian Dollar (AUD) vs US Dollar (USD) appears likely, probably in a range of 0.6480/0.6520. In the longer run, bias remains on the upside, but it remains to be seen if AUD can break clearly above 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The AUD/USD pair is up almost 0.55% to near 0.6530 during European trading hours on Monday. The Aussie pair strengthens as antipodeans outperform ahead of trade negotiations between the United States (US) and China later in the day.
The NZD/USD pair attracts some buyers to around 0.6035 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) strengthens against the Greenback after the Chinese inflation data. Traders will closely monitor trade talks between the US and China later on Monday.