AUD/USD continues to bounce off a four-week high

The Australian dollar fluctuated lower during the Asian session to see its third straight session rebounding from its highest since the 27th of February against the US dollar, amid a lack of the economic data earlier this week by the Australian economy and its counterpart, the US economy, the largest economy in the world. On the threshold of a speech expected today, Monday, by Charles L. Evans, President of the Federal Reserve Bank of Chicago and Federal Open Market Committee member, and Luci Ellis, Assistant Governor of the Reserve Bank of Australia.

As of 02:43 GMT, the AUD/USD fell 0.11% to $0.7075 compared to the opening levels of $0.7083 after a high of $0.7087 and a low of $0.7066.

Investors are looking forward to what the Federal Open Market Committee (FOMC) member and the Bank of Chicago Chairman, Charles L. Evans, speach about the economy and monetary policy at the Credit Suisse Asian Investment Conference in Hong Kong. This comes before we witness the speech of Assistant Governor of the Reserve Bank of Australia, Luci Ellis, at the Sydney Housing Industry Association's breakfast.