Daily Morning Report 16.10.2017

The Australian dollar edged lower against its U.S. counterpart on Monday, while the New Zealand dollar held steady as the greenback recovered from some of the losses posted after Friday’s disappointing U.S. inflation data.

AUDUSD slipped 0.23% to 0.7877.

The greenback weakened after data on Friday showed that U.S. consumer prices rose less than expected in September, both on a monthly and annual basis.

The report fueled uncertainty over whether the Federal Reserve will decide to raise interest rates before the end of the year.

However, a separate report showed that U.S. consumer sentiment rose to its highest level since 2004 this month.

NZDUSD was little changed at 0.7184.