Ella 
A modest rebound in the US dollar (USD) has sparked some fresh selling bias across a broad range of risk assets, pushing AUD/USD back into negative territory after hitting a fresh four-month high above the 0.6700 mark on Thursday.
In addition, the dollar also encountered some fresh buying as investors continued to digest the release of U.S. consumer price index (CPI) inflation data. That boosted investor expectations that the Fed could launch an easing program in the second half of the year, most likely at its Sept. 18 meeting.
The lackluster U.S. CPI data dovetails with comments from Federal Reserve Chairman Jerome Powell earlier this week, in which he dismissed the possibility of a rate hike and expected inflation to remain subdued throughout the year.
Domestically, the Australian dollar defied additional gains in copper prices, contrasting with relatively stable iron ore prices. In terms of the labor market, the unemployment rate rose to 4.1% in April, and the number of employed people increased by 38,500, an increase that exceeded expectations.
