• The AUD/USD jumped to 0.6375, seeing 0.30% gains
• The US will report US CPI figures from October on Tuesday.
• The Australian Consumer Confidence Index from November is also due on Tuesday.

The AUD/USD gathered momentum on Monday, trading at the 0.6375 level, with 0.30% gains, and the pair's price dynamics were set by a soft US Dollar, which seems to be consolidating last week’s gains.

After the Federal Reserve’s hawkish rhetoric gained relevance last week, the Greenback recovered, and now investors are awaiting inflation figures from October to continue placing bets on the next Fed decisions. The Consumer Price Index (CPI) from the US, is expected to have declined to 3.3% YoY from the previous 3.7%, while the Core measure is expected to have stagnated at 4.1% YoY. 

It is worth noticing that Fed officials were seen as not satisfied with the progress made on inflation and claimed to need further evidence to declare that the job is done. In that sense, the outcome of the inflation figures may set the pace for the Greenback’s price dynamics for the next sessions as they will model the expectations for the next December meeting of the Fed. Elsewhere, the US government bond yields are rising. The 2-year rate stands at 5.07%, and the 5 and 10-year yields are seen at 4.70% and 4.67%, respectively, which seems to limit the USD's losses