Aussie rebounds from four-week low against greenback

Australian dollar tilted higher in Asian trade off November 13 lows against its US counterpart, following earlier inflation data from Australia and ahead of US labor data. 

As of 03:56 GMT, AUD/USD rose 0.11% to 0.7228, with a session-high at 0.7231, and a low at 0.7212. 

Earlier Australian data showed an index that tracks consumer expectations for inflation at 4.0%, up from 3.6% in November. 

Now investors await US unemployment claims data for the week ending December 8, expected with a 5 thousand drop to 226 thousand, while continuing claims are estimated with an increase of 19 thousand in the week ending December 1 to 1.650 million. 

US import prices are expected with a 1% monthly drop in November, compared to a 0.5% increase before, while expected to increase 1.3% y/y, down from 3.5%.