The AUD/USD pair refreshes intraday high at 0.6380 as investors pare shorts in risk-perceived assets executed due to the Middle East crisis amid belli
AUD/USD prints a fresh intraday high at 0.6380 as the risk appetite of the market mood improves. The broader risk profile is still cautious due to deepening Middle East tensions. The USD index finds selling pressure near 106.60 as the focus shifts to US inflation data. cose between Israel and Palestinian military group. The recovery move in the Aussie asset could be a short-lived pullback as the market sentiment is still downbeat.
" Meanwhile, investors shift focus to the US Consumer Price Index data for September, which will be published on Thursday at 12:30 GMT. As per the consensus, the core CPI that does not include volatile food and oil prices is seen expanding at a steady pace of 0.3%. Hotter-than-anticipated inflation report could elevate hopes of one more interest rate increase from the Fed.
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