Today, the US dollar shows strong growth against majors during the Asian session. Now it is time to pay attention to the AUD/USD pair, which continues to decline. Today, it fell below 0.7720. Bears returned to the market for several reasons. Traders are disappointed about the data on consumer prices turned out to be below market expectations. Australia's inflation rate increased by 0.6% in the third quarter. Economists had forecast a 0.8% rise. On a year on year basis, the corresponding index advanced by 1.8%.
This was another sign that the Reserve Bank of Australia will keep the monetary policy unchanged in the near future. The bank is likely to change the policy only in 2018. The Bank of Japan is known for its adherence to the soft monetary policy. So, the Japanese yen is not popular among investors. Today, the USD/JPY pair is trading at 113.90. Experts believe that today the US dollar can extend gains against its counterparts after the release of important macroeconomic data on durable goods orders.