Aussie tries to recover from last week's lows

Australian dollar rose on Monday away from last week's lows as the dollar continues to strengthen on higher US treasury bond yields. 

AUD/USD rose to 0.7670 from the opening of 0.7668, with a session-high at 0.7675, and a low at 0.7658. 

Aussie continues to have troubles due to drops in commodity prices such as gold, while the US dollar holds ground against a basket of major rivals. 

Now markets await Australian inflation data later this week to gauge the pressure on the Reserve Bank of Australia, which decided to carry on its current monetary policy with no change for a longer period of time, provided that inflation steadies.