The Australian Dollar (AUD) registered modest gains versus the US Dollar (USD) late in the North American session, with the latter remaining under sel
AUD/USD lifts to 0.6422, benefiting from USD pressure as US Treasury yields recede. Geopolitical tensions, with conflict between Israel and Hamas, introduce potential headwinds for AUD. Upcoming US and Australian inflation data, alongside continued Fed commentary, to steer pair’s direction. ling pressure as US Treasury bond yields began to pair their earlier losses. At the time of writing, the AUD/USD is trading at 0.6422, gaining 0.21% after bouncing from daily lows of 0.6390.
On the Australian side, business conditions remained resilient in September as inflation decelerated. At the same, October’s Consumer Sentiment rebounded as rates remained unchanged, but the mood remained clouded amid the increase of cost living. Ahead of the week, the US economic agenda will feature the producer and consumer inflation on Wednesday and Thursday, respectively, while the Fed parade continues. On the Australian front, Consumer inflation expectations will be featured on Thursday.
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