President-elect Donald Trump's threatened tariffs fuel risk aversion, weakening the China-sensitive Australian Dollar.
Australia's inflation rate is forecast to climb to 2.3% YoY in October, up from 2.1% in September.
The RBA's next rate announcement on December 10 may be influenced by the inflation report which could stop the Aussie’s bleeding.
On the other hand, the US Personal Consumption Expenditure Price Index on Wednesday will provide clues for Fed interest rate decisions and might also move the pair.
On Thursday, November’s Federal Open Market Committee Minutes showed little insight.
Federal Reserve officials had mixed views on further rate cuts but agreed not to signal future policy direction clearly.
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