US inflation expectations stabilize around fortnight top

US inflation expectations, as measured by the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, reprinted the 2.47% figure on Thursday, as per the official source.

In doing so, the inflation gauge seems to run out of steam to extend the last week’s rebound from a two-month low, taking rounds to the highest level since December 09.

It’s worth noting that the latest US data concerning the PCE Personal Consumption and Durable Goods Orders favored the last hawkish comments from the Fed policymaker, namely Christopher Waller.

Read: Forex Today: Risk appetite undermines demand for the greenback

That said, the latest pick-up in the inflation expectations and firmer US data may help the US Treasury yields to stay firmer, which in turn could challenge riskier assets like AUD/USD. However, holiday mood and thin volume could restrict the market moves.

Read: AUD/USD: Bulls battle monthly resistance around 0.7250 amid upbeat sentiment