China's inflation figures released last week have not yet alleviated concerns about the currency's depreciation. Combined with trade tensions between the United States and China, this has also put pressure on the Australian dollar. China's Consumer Price Index (CPI) increased for the first time in 4 months, while the Producer Price Index decreased by 2.7% year-on-year.

Regarding the US dollar, there are attempts to strengthen it amid potential policy changes by the Federal Reserve, which could occur in the middle of the year. Investors believe the Federal Reserve might start reducing interest rates in June, supported by the increasing US unemployment rate.

Investors may delay aggressive investments as they await the latest US inflation figures to be announced on Tuesday, which will significantly impact expectations regarding the Federal Reserve's interest rate adjustments and could bolster the US dollar's aspirations.