The AUD/USD pair consolidated its recent gains during the early Asian session on Tuesday. Investors await the Reserve Bank of Australia (RBA) Meeting
AUD/USD take a breather after recent gains around 0.6338 on Tuesday. US NY Empire State Manufacturing Index was softer in October but better than expected. Australian Weekly ANZ Roy Morgan Consumer Confidence fell to 76.4 vs. 80.1 prior. Market players await the Reserve Bank of Australia Meeting Minutes, US Retail Sales are due later on Tuesday. Minutes with few changes expected.
On the Aussie front, the latest data from Australian Weekly ANZ Roy Morgan Consumer Confidence survey on Tuesday revealed that the nation’s Consumer Confidence fell to 76.4 versus 80.1 prior, with the decline across all subindices. The RBA Meeting Minutes is likely to hold a wait-and-see approach to interest rates. Investors will look for signs of increased concern about the pathway of inflation back to target.
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