• AUD/USD declined by 0.14% to 0.6495 in Monday's session.
• Selling pressure near the intraday high of 0.6550 drove the AUD/USD lower.
• Markets await key US and Australian inflation data later this week.

The AUD/USD declined by 0.14% to 0.6495 in Monday's session, driven by selling pressure near the intraday high of 0.6550. Despite the US Dollar's weakness, the Australian Dollar's performance suggests its own underlying weakness. There won’t be any highlights in any of the Australian or American economic calendars.

The AUD/USD pair exhibits a mixed outlook, influenced by the interplay of a hawkish Reserve Bank of Australia (RBA) and mixed local economic data. The US Dollar's strength has weighed on AUD/USD, but the RBA's potential for future rate hikes may limit the downside.