ADA/USD Exchange rate

AUD/USD extended its losses on Monday, possibly due to the Reserve Bank of Australia's less hawkish stance after it decided to keep its interest rate unchanged at 4.35% on Tuesday. Markets were speculating that the RBA might adopt a more hawkish stance, fueled by last week's inflation data, which exceeded expectations.

EUR/USD trades on a softer note around 1.0770 during the Asian trading hours on Monday. Investors turn to cautious mode and prefer to wait on the sidelines ahead of the US key economic data this week. 

Gold price loses its recovery momentum on Monday during the Asian session. The hawkish remarks from the Federal Reserve and growing speculation that the Fed might delay its easing plans have boosted the Greenback and dragged the USD-denominated gold lower.

The Graph price consolidation below a key hurdle shows that it is ready for a volatile move. With GRT retesting the upper limit of its rangebound movement, chances of an upside breakout are high.

This week market focus will center around inflation data from the US, the world's largest economy, poised to influence global market sentiment. Overall market sentiment appears optimistic as the potential for a US interest rate cut in September has re-entered the conversation.