XI Jinping

AUD/USD is consolidating after last week’s Federal Reserve rate hike triggered a sell-off, with traders watching Australian data and key geopolitical developments. RBA expectations, domestic PMI and employment figures, U.S.-China talks, and Russia-NATO tensions may determine whether the pair breaks higher or extends its decline.

EUR/USD remains under pressure after falling to its lowest level since July 30, with technical traders watching a bearish flag formation and key levels at 1.1450, 1.1500 and 1.1550. Central bank commentary, fuel-price inflation, a Trump-Xi meeting and flash PMI data are set to shape near-term direction.