The AUD/USD pair gains traction during the early Asian session on Monday. The rebound of the pair is bolstered by the weakness of the US Dollar (USD)
and a decline in US Treasury bond yields. At the press time, AUD/USD is trading at 0.6442, up 0.03% for the day.
The release of the Reserve Bank of Australia's Minutes on the September monetary policy meeting revealed that additional tightening may be necessary if inflation proves more persistent than anticipated. But the case for maintaining the status quo was stronger, and recent data have not materially altered the. This, in turn, might cap the upside of the Aussie and act as a headwind for the AUD/USD pair.
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