AUD/USD clings to strong intraday gains on the back of a weaker

Hello everyone! The AUD/USD pair received strong buying pressure on the first day of the new week and maintained strong intraday gains, near multi-day highs in the first half of the European session. currently trading just below the mid-0.6400s, up nearly 1% on the day and receiving support from a sharp decline in the US Dollar (USD).
Investors were cheered by better-than-expected Chinese inflation data released over the weekend, showing that consumer price inflation rose back into positive territory during the month and buffering hopes that the economic stability.