The AUD/USD pair has retraced its earlier gains, slipping back to around 06560 during Monday’s European trading session. The Aussie pair declined as risk-off sentiment permeates the market, driven largely by growing concerns about escalating global trade tensions. As traders adjust their strategies based on these developments, the Australian Dollar faces pressures that may lead to further weakness if the current trends continue. Market participants should remain vigilant for signs of stability or additional volatility in the AUD/USD trajectory.