Australian dollar has recovered some of its recent losses following the publishing of the RBA Meeting Minutes.

On Monday, the Australian Dollar (AUD) recovered from a three-day losing skid, trading higher versus the US Dollar. The couple experienced difficulties as a result of a shift in debates regarding the direction of the US Federal Reserve’s (Fed) monetary policy. Investors are anticipated to pay close attention to the Reserve Bank of Australia’s (RBA) Meeting Minutes on Tuesday. Later in the week, there will be employment figures.

The RBA is investigating the idea of launching a central bank digital currency in order to save billions of dollars in expenditures.

The Australian central bank is considering implementing a central bank digital currency (CBDC). At The Australian Financial Review Cryptocurrency Summit. Brad Jones, Assistant Governor (Financial System) at the RBA, highlighted the tokenization of assets and money in the digital world. Governor Jones emphasized the potential for tokenized money to result in considerable cost reductions. In the domestic financial markets, perhaps reaching to billions of dollars.

On Friday, the National Bureau of Statistics of China revealed. That Chinese inflation fell in September. The Australian Dollar (AUD) may be under pressure as a result of this event. The Chinese numbers show that economic troubles persist. Despite the recent government stimulus plan aimed at assisting the country in meeting its 5% growth objective.

The US Dollar Index (DXY) rose after the previous week’s publication of impressive US statistics, with US inflation exceeding forecasts and initial jobless claims coming in lower than expected. The preliminary US Michigan Consumer Sentiment Index, on the other hand, dropped in October.

Following a deluge of strong US statistics, investors appear to have priced in the prospect of another Fed rate rise.

Investors appear to be anticipating another Federal Reserve (Fed) rate rise. Furthermore, the recent rise in US Treasury rates may give assistance in sustaining the US Dollar (USD). Furthermore, the Greenback continues to profit from the safe-haven influx as geopolitical tensions between Israel and Palestine rise.

Market Movers: The Australian Dollar looks to reverse a three-day losing trend.

The Reserve Bank of Australia is considering the introduction of a central bank digital currency (CBDC).

On Thursday, the Australian Consumer Inflation Expectations for October were announced at 4.8%, up from 4.6% in September. The August comeback in inflation, mostly due to higher oil prices, increases the possibility of another RBA interest rate hike.

According to the National Bureau of Statistics of China, the Chinese Consumer Price Index (CPI) for September was 0% (YoY), down from 0.1% the previous month. This statistic fell short of the 0.2% gain predicted by the market. Furthermore, the Producer Price Index fell to 2.5% from 3% in August, falling short of the 2.4% reduction predicted.

The continuing violence in the Middle East adds another degree of complication to the issue. This  geopolitical issue might force the RBA to adopt a 25 basis point (bps) interest rate rise, raising the rate to 4.35% before the end of the year.

According to an unnamed Reuters source, US officials and Israel have discussed the idea of US President Joe Biden visiting Israel. According to reports, Israeli Prime Minister Benjamin Netanyahu extended the offer.

The US Bureau of Labor Statistics (BLS) reported that the Consumer Price Index in the United States exceeded expectations in September. Annualized data increased at a constant pace of 3.7%, slightly above expectations of 3.6%.

Despite a rise of 209K, US Initial Jobless Claims for the week ending October 6 indicated a small reduction. Below the 210K prediction.

On Friday, the preliminary US Michigan Consumer Sentiment Index for October fell to 63.0 from 68.1, falling short of the predicted number of 67.4.

On Monday, US Treasury bond rates recovered, with the 10-year US Treasury bond yield rising by 1.04% to 4.66%.

investors will most likely be watching US Retail Sales.

Market investors will most likely be watching US Retail Sales on Tuesday, which are predicted to gain 0.2%. On the Australian calendar, the Reserve Bank of Australia (RBA) meeting minutes and employment data are set to be released in the next week.