 As US session unfolds, the Dollar is showing signs of rally, buoyed by recovery in benchmark treasury yield. This modest uplift comes despite a general lack of direction owing to a sluggish risk sentiment across markets. Euro is losing momentum as its earlier recovery falters, whereas other European majors are also on the back foot. Commodity currencies seem to garner strength while Yen is mixed. The market is bracing for potential volatility with key economic releases on the horizon. RBA's Statement on Monetary Policy is poised to unveil new economic projections, which market participants will scrutinize for the economic outlook and indications of future policy direction. This comes after Australian Dollar faced selling pressure following the RBA's rate hike earlier in the week. In the UK, investors and BoE will be turning their attention to the upcoming GDP data to gauge the economic climate and evaluate the necessity of further interest rate adjustments. These forthcoming insights have the potential to catalyze movements in Sterling, which is presently in a wait-and-see mode alongside other major currencies. Technically, GBP/AUD is staying in the consolidation pattern above 1.8854. Some more sideway trading cannot be ruled out. But fall from 1.9967 is expected to continue after the consolidation completes. Break of 1.8854 will target 38.2% retracement of 1.5925 (2022 low) to 1.9967 at 1.8423. In Europe, at the time of writing, FTSE is up 0.58%. DAX is up 0.57%. CAC is up 0.83%. Germany 10-year yield is up 0.0354 at 2.658. Earlier in Asia, Nikkei rose 1.49%. Hong Kong HSI dropped -0.33%. China Shanghai SSE rose 0.03%. Singapore Strait Times rose 0.18%. Japan 10-year JGB yield dropped -0.0072 to 0.842. | 
