• AUD/USD attracts some sellers to around 0.6510 in Monday’s early Asian session, down 0.21% on the day. 
• Trump tariff threats and the geopolitical risks weigh on the Aussie, but hawkish RBA bets might cap its downside.
• The Australian Retail Sales and the USI SM Manufacturing PMI will be the highlights on Monday. 

The AUD/USD pair weakens to near 0.6510 despite the renewed US Dollar demand during the early Asian session on Monday. Investors will keep an eye on the Australian Retail Sales and the USISM Manufacturing Purchasing Managers' Index (PMI), which is due later on Monday. 

The US President-elect Donald Trump flagged his intention to impose a 25% tariff on all products from Mexico and Canada and an additional 10% on goods from China, exerting some selling pressure on the China-proxy Australian Dollar (AUD) as China is the largest trading partner to Australia. Furthermore, heightened geopolitical tension and economic uncertainty could benefit the US Dollar's safe-haven status and act as a headwind for AUD/USD.