Australian Dollar recovers from the recent losses due to uptick in consumer expectations

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• Australian Dollar gains upward momentum due to the RBA’s interest rate trajectory.
• Consumer Inflation Expectations increased to 4.8% from the previous figure of 4.6%.
• US Dollar remains defensive despite upbeat US economic data.

The Australian Dollar (AUD) staged a recovery from recent losses, possibly buoyed by the uptick in Australian Consumer Inflation Expectations. The Melbourne Institute’s Consumer Inflation Expectations for October has been reported at 4.8%, showing a slight increase from the September figure of 4.6%.