Consumer Inflation

AUD/USD is attempting to stabilize after a multi-month low, but the rebound faces a major test from U.S. inflation data and Australian labor market figures. Safe-haven demand for the Greenback, geopolitical tension in the Middle East and key chart levels around 0.6935, 0.6905, 0.6980 and 0.7005 are shaping near-term sentiment.

GBP/USD traded near 1.3236 on Monday as higher crude oil prices, rising bond yields and upcoming macro data kept sterling traders cautious. Technical traders are watching 1.3150 and 1.3300 as near term levels while the pair remains caught between bearish momentum and early reversal signals.

EUR/USD remains under pressure after three straight daily declines, with rising US yields and oil prices reinforcing demand for the dollar. Technical traders are watching 1.1485 support and 1.1625 resistance as the pair attempts a short-term relief rebound.

Gold traded lower late Friday after a stronger jobs reading drove the two-year Treasury yield to its highest level since January 2025. The metal recovered from its session low, but traders now turn to PPI and CPI for the next signal on the Fed path.

AUD/USD traded around 0.7062 after failing to extend gains beyond this week’s high of 0.7090. Market attention is turning to US Producer Price Index data, though traders widely expect it to have limited impact after recent CPI and labor market figures.