Ella 
The Australian dollar (AUD) continued its bearish trend for the fourth consecutive session on Monday. The AUD/USD is facing challenges as US Treasury yields rise and the US dollar rebounds.
The Reserve Bank of Australia is expected to tighten monetary policy. Reserve Bank of Australia Governor Bullock said that if inflation continues to be higher than expected, the Reserve Bank of Australia is prepared to take appropriate policy action.
Australia’s employment situation is undergoing notable changes. The change in employment unexpectedly fell sharply in September, bringing an unexpected turn in the employment situation. On the positive side, the unemployment rate fell more than expected and deviated from the expected trend.
The U.S. Dollar Index (DXY) rebounded to reverse recent losses, likely supported by strong U.S. economic data. However, the U.S. dollar (USD) encountered resistance as U.S. Treasury yields retreated on Friday.
USD/JPY was supported by Fed Chairman Jerome Powell’s statement on Thursday that the central bank does not plan to raise interest rates in the near future. Powell added that further monetary tightening is likely if there are further signs of growth or if the labor market stops improving.
