The preliminary German Harmonized Index of Consumer Prices (HICP) data for September is due for release today at 12:00 GMT. The Federal Statistics Office of Germany is expected to show that inflationary pressures in the economy rose at an annual pace of 2.2%, faster than 2.1% in August.
AUD/USD is consolidating after September’s rejection at a key multiyear trend line, with the 50-DMA offering support and defining the near-term range, Société Générale's FX analysts note.
Euro (EUR) is likely to trade in a range of 1.1700/1.1755. In the longer run, a clear break above 1.1760 would indicate that EUR could trade above last week’s low of 1.1645 for a while, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.