The Australian Dollar (AUD) aims to trade in the positive territory on Tuesday, extending its gains for the second successive day. The AUD/USD pair receives upward support due to the correction in the US Dollar (USD), which could be attributed to the downbeat US Treasury yields. Australia’s preliminary S&P Global Manufacturing and Services PMI for October eased, suggesting a contraction in both the manufacturing and services sectors. Markets expect the Reserve Bank of Australia (RBA) to tighten policy further. RBA Governor Michele Bullock stated that should inflation persist above the projected levels, the RBA is ... (full story)