• US Dollar recovers amid conflict in the Middle East.
• US NFP data last week tempered aggressive easing bets on the Fed.
• Reserve Bank of Australia's Meeting Minutes of September policy meeting might stop the bleeding.

The AUD/USD pair declined by 0.50% to 0.6765 on Monday, pressured by a stronger US Dollar and concerns over geopolitical tensions in the Middle East.

The Australian economy faces an uncertain future amid conflicting economic signals. Despite healthy employment levels and strong consumer spending, inflation remains stubbornly high. The Reserve Bank of Australia (RBA) has adopted a cautious approach. This week’s minutes will be closely followed.