The AUD/USD pair struggles to capitalize on Friday's strong positive move and remains below the 0.6700 mark, or a technically significant 200-day Simple Moving Average (SMA) through the Asian session on Monday. The prospects for further policy tightening by the Federal Reserve (Fed) later this month remain supportive of elevated US Treasury bond yields and assist the US Dollar (USD) to attract some buyers on the first day of a new week. In fact, the USD Index (DXY), which tracks the Greenback against a basket of currencies, recovers a part of Friday's heavy losses to a fresh monthly low and turns out to be a key ... (full story)