The Australian Dollar rose against the US Dollar during European trading above 0.7070 levels.
The AUD/USD currency pair increased in the European session, as the Reserve Bank of Australia is signaling a near future focus on settling inflation, meaning a higher odds of interest rate rises in the near future. In Australia, the Wage Price Index data was published in line with expectations (0,8%). In the US, the FOMC Meeting Minutes will be released at (19:00 GMT).