Slightly weaker but mostly flat: AUD/USD is currently trading at 0.6875 as it maintains an active range between 0.6872 and 0.6929.
United States Fed Chair Powell speech is next today at 13:00 UTC.
Amid the market gloom, Australia Building Approvals (MoM) (Nov) released yesterday at 00:30 UTC with a figure of -9, while the previous figure was -5.6.
In the meantime, negative performances are also seen in other pairs as GBP/USD closed at 1.2141 (down 0.37%).
Positive performances can be seen by looking at other currencies as having closed the previous session at 1.5522, EUR/AUD is up 0.52% today to currently trade at around 1.5604. EUR/GBP is up 0.35%.
Some optimism can drawn from the fact that Australia Retail Sales is projected to outperform its last figure with 0.6%. It previously stood at -0.2%; data will be released tomorrow at 00:30 UTC. As things stand, upcoming United States Crude Oil Inventories data is projected to fall short of market expectations with newly published data of -2.38 million, following on from the preceding figure of 1.69 million. New data is set to be published tomorrow at 15:30 UTC.
Furthermore, Australia Consumer Price Index figure is projected at 7%. It previously stood at 6.9%; data will be released tomorrow at 00:30 UTC.
The Australian dollar has gained 1.77% since its lowest print of 0.6213 earlier this year.