AUD/USD holds lower grounds near 0.6640 after declining in the last five consecutive days. In doing so, the Aussie pair not only justifies its risk barometer status but also respects the US Dollar’s broad recovery amid firmer yields, as well as the Reserve Bank of Australia (RBA) induced bearish bias.

That said, the previous Friday’s US employment numbers renew hawkish bets on the Federal Reserve’s (Fed) next rate hike of 0.25% in May and allowed the US Treasury yields to recover. As a result, the US 10-year and two-year Treasury bond yields rose to 3.41% and 4.0% at the latest.

US Dollar Index (DXY) traced yields towards the north and rose for the fourth day in a row while poking a one-week high on Monday, around 102.55 by the press time.