The AUD/USD pair recovers some lost ground and consolidates near 0.6428 during the early Asian session on Friday. The rebound of the pair is supported
edges lower to 106.10 after retreating from 106.83, the highest since November.
Chicago Federal Reserve President Austan Goolsbee said on Thursday that the Fed will return inflation to target and has a chance to do something rare by accomplishing that without a recession. RichmondPresident Thomas Barkin remarked that the past five months of inflation data have been upbeat but that it is too early to determine what monetary policy would be next. Barkin added that lost data due to the government shutdown would complicate understanding the economy.
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