Ella 
On Monday, it rose steadily, rising 0.42% amid improving risk appetite and light economic events. After the opening of the Asian market on Tuesday, AUD/USD was at 0.6604, basically unchanged.
AUD/USD edged higher ahead of US inflation announcement, following Monday’s gains
Wall Street ended mixed. While the S&P 500 and Dow Jones declined, the Nasdaq Composite posted gains. The U.S. Dollar Index (DXY) was at 104.12, indicating a 0.16% decline in the greenback.
U.S. economic data are light, with only the New York Fed’s March consumer inflation forecast rising 3%, the same as February’s data. Chicago Fed President Austan Goolsbee first stated in a regular speech to Fed officials on Monday that the economy is on a healthy trend, while emphasizing that the economy remains strong due to a tight labor market.
Focus on US and Australian economic data
Meanwhile, traders are awaiting the latest inflation report from the United States (US) to get a better handle on the course of deflation. If prices continue to fall, it will be negative for the US dollar and positive for risk assets such as the Australian dollar.
In Australia, market participants will focus on the Westpac Consumer Confidence Index for March and the National Australia Bank (NAB) Business Confidence Index for March.
