Anna 
The Australian Dollar experienced a decline of 0.37% against the US Dollar on Monday, as rising US Treasury yields bolstered the Greenback. Despite an optimistic market sentiment, the high-beta Aussie Dollar struggled to maintain its position, slipping below the 0.6700 level. As the Asian session on Tuesday commences, the AUD/USD pair trades at 0.6668, showing minimal change.
In terms of data, the US economic calendar remained empty, although several Federal Reserve officials made statements. Vice-Chair Philip Jefferson noted that it is premature to determine whether the slowdown in inflation will persist. Vice-Chair of Supervision Michael Barr emphasized the need for restrictive policy to continue its efforts, while Atlanta Fed President Raphael Bostic expressed expectations for steady rates.
Meanwhile, in Australia, the focus shifts to the release of the minutes from the Reserve Bank of Australia (RBA) monetary policy meeting. Analysts at ANZ anticipate that the decision to maintain rates was likely straightforward, given the tone of the post-meeting statement.
On the US front, Tuesday’s economic agenda will feature additional speeches from Fed officials ahead of the forthcoming release of the meeting minutes on Wednesday.
