Australian dollar surrenders gains from stronger CPI data earlier

<p>Evidently, not even improved odds of a RBA rate hike can turn the tide in negative sentiment in the aussie currently. AUD/USD was up to a high near 0.6400 in Asia but has turned flat now to 0.6357 and erasing all of the jump after the CPI data earlier today.</p><p>The downside channel as highlighted <a href="https://www.forexlive.com/news/aussie-the-only-notable-mover-as-we-get-into-european-morning-trade-20231025/" target="_blank" rel="follow">here</a> earlier is still keeping sellers interested, even with RBA rate hike odds for next month sitting at ~58% currently.</p>

This article was written by Justin Low at www.forexlive.com.