Ella 
AUD/USD extended losses for a second consecutive session, with AUD/USD trading near all-time lows on Thursday. US bond yields rose, and the AUD/USD exchange rate faced challenges from the rising US dollar.
Australian inflation data provided support for a 25 basis point rate hike by the Reserve Bank of Australia at its November meeting. The Australian Bureau of Statistics (ABS) released the consumer price index for the third quarter of 2023 on Wednesday.
Reserve Bank of Australia Governor Bullock said on Thursday that inflation rose slightly, slightly better than expected, but within the expected range. Bullock emphasized the central bank’s balancing act of slowing the economy without slipping into a recessionary environment.
The U.S. dollar index (DXY) continued its winning streak on rising U.S. bond yields and a stronger preliminary reading of the U.S. S&P Global Purchasing Managers Index released on Tuesday.
In addition, the uncertainty of geopolitical conditions will also continue to cause the influx of safe-haven investments. Israeli Prime Minister Benjamin Netanyahu announced that he is preparing to launch a ground offensive against Gaza, and the timing of the offensive will be determined by consensus.
