Aussie rebounds from two-week low versus greenback after Powell's speech

Australian dollar rose for the third straight session against its US counterpart away from early November lows, following a speech by Federal Reserve Chair Jerome Powell in Dallas and ahead of US labor, retail sales data. 

As of 02:22 GMT, AUD/USD rose 0.51% to 0.7269, with an intraday high at 0.7282, and a low at 0.7229. 

Earlier Australian data showed consumer expectations for inflation at 3.6%, down from 4.0% in October, while the unemployment rate steadied at 5.0%, the lowest since mid-2011 lows. 

An index tracking employment change rose 32.8 thousand, compared to a 7.8K increase in the previous reading, and beating estimates of a 19.9 thousand increase. 

At his meeting in Dallas today, Fed Chair Jerome Powell said every periodic policy meeting is open for raising interest rates, while crediting the bank for restoring momentum in the economy and staving off recession. 

Now investors await US retail sales data, estimated with a 0.6% increase, compared to a 0.1% increase in September, while core sales are expected with a 0.5% addition. 

Unemployment claims for the week ending November 10 are expected with a thousand dip to 213 thousand from 214 thousand. 

Federal Reserve Bank of Atlanta President Raphael Bostic is due to speak about monetary policy at the Global Interdependence Center, in Madrid later today, while Fed Chair Jerome Powell will return with a speech about Hurricane Harvey recovery efforts at an event hosted by the Federal Reserve Bank of Dallas, in Houston.