AUD/USD Falls 0.8% as Risk Aversion Intensifies, CPI Data Awaited

The Australian Dollar (AUD) underperformed its major peers on Monday, sliding 0.8% to trade at 0.6945 against the US Dollar (USD) during the European session. The decline was driven by a broad shift toward risk aversion in global markets.

Investors are now turning their attention to Australia's Consumer Price Index (CPI) data, which is expected later in the week. The inflation print could influence the Reserve Bank of Australia's policy stance and provide further direction for the AUD/USD pair.

Market participants remain cautious amid uncertainty over global growth prospects, keeping the AUD vulnerable to further losses if risk sentiment fails to improve.