
- AUD/USD hovers slightly above 0.6500 ahead of the US inflation data for October.
- Investors expect that Trump’s policies will be inflationary for the US economy.
- The Australian Dollar will be guided by the labor market data for October.
The AUD/USD pair trades in a tight range near a three month-low, slightly above 0.6500 in the European trading session on Wednesday. The Aussie pair turns sideways as investors await the United States (US) Consumer Price Index (CPI) data for October, which will be published at 13:30 GMT.
According to the estimates, the headline inflation accelerated to 2.6% from 2.4%
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