AUD/USD Trading Higher, Australian Inflation Edges Up

AUD/USD is trading at 0.7607, up 0.0027. The pair is trading a little higher Monday morning. The Reserve Bank of Australia (RBA) reported that September private sector credit rose 0.4 percent versus a 0.4 percent rise in August. Year over year September private sector credit eased to a rise of 5.4 percent versus 5.8 percent in August. The TD Securities-Melbourne Institute's consumer inflation gauge for October edged up 0.2 percent versus a rise of 0.4 in September. Market chatter about the upcoming RBA policy meeting is making the rounds. The Reserve Bank of Australia (RBA) is scheduled to release a statement and interest rate decision later this evening.