AUD/USD struggles to overcome intraday losses as the latest statistics from China and Australia joins sour sentiment during early Monday. That said, the Aussie pair holds lower ground near 0.6665 by the press time amid fears of RBA’s dovish hike and softer US data surrounding activities and employment.

That said, China’s Caixin Manufacturing PMI for March drops to 50.0 from 51.6 prior and 51.7 market forecasts.

Further, Australia’s TD Securities Inflation eased to 0.3% MoM and 5.7% YoY for March versus 0.4% and 6.3% respective priors, which in turn joins the previous week’s downbeat inflation and Retail Sales figures from the Pacific major to strengthen the dovish bias for the Reserve Bank of Australia’s (RBA) next move.

Earlier in the day, news surrounding the OPEC output cut weighed on the sentiment and the AUD/USD prices as less energy output suggests further increase in the Oil price and more pressure oon the Inflation.

As a result, the CME’s FedWatch Tool recently suggests an increase in the hawkish bias for the Federal Reserve’s (Fed) 0.25% rate hike in May, versus less than 50% chances supporting the event seem in the last week.

Given the risk-off mood and mixed signals, AUD/USD pair may remain pressured around the short-term key support line. However, Monday’s US ISM PMIs and Tuesday’s RBA Interest Rate Decision will be the key event for the Aussie pair traders to watch for clear directions.