AUD/USD gains momentum above 0.6500 ahead of Australian Retail Sales data
AUD/USD kicks off the new week on a stronger note near 0.6535. The US Personal Consumption Expenditures (PCE) Price Index climbed by 2.7% YoY in March, above the market consensus of 2.6%. The firmer-than-expected Australian inflation data have triggered the RBA to delay the interest rate cut this year.