AUD/USD ticks higher as Australian inflation bounces back

The Australian dollar (AUD/USD) is up by 0.10% as traders react to the relatively strong Australian inflation data. It is trading at 0.7136, which is in the same range it has been recently. Australia returns to inflation This year, Australia suffered its first recession in more than three decades because of the coronavirus pandemic. The disease has infected more than 27,000 people and killed close to 1,000, which is an impressive achievement. In recent weeks, the country has managed to control the second wave of the virus in Melbourne and Victoria. And now, the country’s consumer inflation has started to