The risk-sensitive Australian Dollar moved higher overnight after stocks surged on Wall Street after Federal Reserve Chair Jerome Powell testified before the Senate Banking Committee. Mr. Powell attempted to relax lawmakers over their concerns on high and persistent inflation seen in the economy, saying he expects inflation to peak later this year, but that the Fed stands ready to take further action if necessary. Markets expect three to four rate hikes this year, with the first predicted as soon as March. Today, Chinese inflation data will cross the wires for December, with analysts expecting the annual consumer ... (full story)