Australian Dollar gains traction to near 0.7100 on fading Fed hike bets

The AUD/USD pair trades with mild gains near 0.7090 during the early Asian session on Monday. The US Dollar (USD) weakens against the Australian Dollar (AUD) as Federal Reserve (Fed) rate hike odds fade amid weaker US economic data.

Australian Dollar gains traction to near 0.7100 on fading Fed hike bets
The AUD/USD pair trades with mild gains near 0.7090 during the early Asian session on Monday. The US Dollar (USD) weakens against the Australian Dollar (AUD) as Federal Reserve (Fed) rate hike odds fade amid weaker US economic data.

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