The AUD/USD pair trades in positive territory for six consecutive days around 0.6535 during the early Asian session on Monday.
AUD/USD kicks off the new week on astrongernotenear0.6535. The US Personal Consumption Expenditures Price Index climbed by 2.7% YoY in March, above the market consensus of 2.6%. The firmer-than-expected Australian inflation data have triggered the RBA to delay the interest rate cut this year. The AUD/USD pair trades in positive territory for six consecutive daysaround0.6535 during the early Asian session on Monday.
On a monthly basis, both headline PCE and the core PCE Price Index rose 0.3% in March. The US central bankis expectedto hold rates steady in the 5.25%–5.50% range on Wednesday. Investorsanticipatethe first rate cutto comein September, as recent labor market and inflation data showed a surprise on the upside. On the Aussie front, traders increase their bets that the RBA might raise its cash rate again before it cuts.
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