AUD/USD steadies around 0.6560 on Monday at the time of writing, after reaching a three-week high at 0.6564 earlier in the day. The Australian Dollar (AUD) retains part of its recent gains, supported by reduced expectations of an interest rate cut from the Reserve Bank of Australia (RBA).
The Canadian Dollar (CAD) churned within familiar levels on Monday as investors brace for double-header central bank showings this week.
The US Dollar (USD) has started the week on the back foot, trading with modest losses as investors remained hopeful of an eventual trade deal betweek the US and China. Prudence, in the meantime, kicked in ahead of a week packed with interest rate decisions by central banks.